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You are viewing Micro News from Friday, Jan 3, 2014 - View all recent Micro News
  • 1/3/14
    This will be a fairly obligatory negative reprice risk...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
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  • 1/3/14
    Well Into Positive Territory; Positive Reprice Potential

    As mentioned in the Mid-Day commentary, the positive reprices would be a possibility if the morning bounce continued.  A few positive reprices have already come across from some of the 'early crowd' lenders, but we've gained enough ground now that a broader swath would be justified getting involved.

    Naturally, that will be somewhat mitigate by the fact that it's a Friday afternoon.  There could be some hesitation as well ahead of Bernanke's 2:30pm speech.

    Fannie 4.0s are now up 5/32nds on the day and a full quarter of a point from some lenders' initial rate sheet print times.  10yr yields are just about to break even on the day at 2.985.

    Category: MBS, UPDATE
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  • 1/3/14
    Holding Ground at Slightly Weaker Levels

    With Tokyo closed yet again, overnight Treasuries didn't begin trading until European hours.  10yr yields dropped just slightly at first, hitting 2.97 at 3:11am and then reluctantly followed a steady sell-off in core European bonds.

    The pace has been manageable and leaves 10's up 1.9bps currently at 3.0041.  Fannie 4.0 MBS opened 4/32nds weaker and gave up 1 more tick before finding support at 102-26.  They're currently down only 3/3nds at 102-29.

    There is no significant scheduled data on tap.  The only events of note will be the various Fed speeches that dot the afternoon.  Of those, Bernanke is the headliner at 2:30pm.

    Category: MBS, UPDATE
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  • 1/3/14
    This will be a fairly obligatory negative reprice risk...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 1/3/14

    As mentioned in the Mid-Day commentary, the positive reprices would be a possibility if the morning bounce continued.  A few positive reprices have already come across from some of the 'early crowd' lenders, but we've gained enough ground now that a broader swath would be justified getting involved.

    Naturally, that will be somewhat mitigate by the fact that it's a Friday afternoon.  There could be some hesitation as well ahead of Bernanke's 2:30pm speech.

    Fannie 4.0s are now up 5/32nds on the day and a full quarter of a point from some lenders' initial rate sheet print times.  10yr yields are just about to break even on the day at 2.985.

    Category: MBS, UPDATE
    Share:   
  • 1/3/14

    With Tokyo closed yet again, overnight Treasuries didn't begin trading until European hours.  10yr yields dropped just slightly at first, hitting 2.97 at 3:11am and then reluctantly followed a steady sell-off in core European bonds.

    The pace has been manageable and leaves 10's up 1.9bps currently at 3.0041.  Fannie 4.0 MBS opened 4/32nds weaker and gave up 1 more tick before finding support at 102-26.  They're currently down only 3/3nds at 102-29.

    There is no significant scheduled data on tap.  The only events of note will be the various Fed speeches that dot the afternoon.  Of those, Bernanke is the headliner at 2:30pm.

    Category: MBS, UPDATE
    Share:   
 
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