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Bond Markets Drop on Russia/Ukraine Headlines; Negative Reprice Risk Potential
Posted to: Micro News
Friday, August 08, 2014 1:30 PM
Fannie 3.5s are quickly into negative territory on headlines that Russia is done with military exercises near the Ukrainian border. It remains to be seen how the weakness plays out, but as of now, we're 4 ticks off from several lenders' rate sheet print times. As such, negative reprices are possible, though not guaranteed to be widespread just yet.
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