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Negative Reprice Risk Increasing Slightly as MBS Push Lows
Posted to: Micro News
Wednesday, August 06, 2014 11:03 AM
While we're not technically breaking into new lows yet, MBS and Treasuries have increasingly spent time toeing the line of the day's weakest levels. Stock continue making gains and EU bond markets continue holding ground.
Fannie 3.5s are still up 3 ticks on the day, but down 4 ticks (.125) from the time some lenders marked MBS prices for rate sheets. The next tick or two of weakness would increase the chances of a lender or two repricing. It's an outside possibility already.
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