MBS Live: MBS RECAP
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FNMA 3.5
101-27 : +0-06
FNMA 4.0
103-32 : +0-03
FNMA 4.5
105-16 : +0-00
FNMA 5.0
107-06 : -0-02
GNMA 3.5
103-20 : +0-05
GNMA 4.0
106-16 : +0-05
GNMA 4.5
108-14 : +0-01
GNMA 5.0
109-27 : -0-03
FHLMC 3.5
101-18 : +0-05
FHLMC 4.0
103-25 : +0-03
FHLMC 4.5
104-32 : -0-01
FHLMC 5.0
106-18 : -0-02
Pricing as of 3:59 PM EST
Afternoon Market Updates
A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard.
2:08PM  :  ALERT: MBS Hit Highs of The Day. Potential Rate Sheet Improvements
We've seen a few reports of reprices for the better so far today and more are possible as long as Fannie 3.5's keep operating near their highs of the day. They just hit 101-31 but have since fallen to 101-28. The modal high of the day at 101-29 seems to have been offering a decent amount of resistance versus the well-defined uptrend that's persisted since the 10am hour.

The S&P is just off its lows of the day at 1186.38 and 10yr yields are at 1.9533 after another brief test of the 1.95 resistance level moments ago. The longer MBS hold the 101-28 to 101-30 range, or if they happen to make additional gains from there, the greater the chances of additional reprices.
Featured Market Discussion
A recap of the featured comments from the Live Discussion on the MBS Live Dashboard.
Victor Burek  :  "REPRICE: 3:43 PM - Nexbank Better"
Brent Borcherding  :  "Or a shift in the data he's seeing."
AQ  :  "what a shift in tone!"
AQ  :  "BUT JUST LAST MONTH HE SAID THIS: 2 -- ATLANTA FED PRESIDENT DENNIS LOCKHART (2012 voter) Lockhart sees the Fed's "Operation Twist" as providing a moderate boost to the economy, but said he would not support more Fed bond-buying unless financial conditions worsened. "It requires circumstances that we're not facing at the moment -- the onset of a recession, deflationary pressures, and seriously rising unemployment," Lockhart said on Oct. 18 15:23 http://www.reuters.com/article/2011/10/24/usa-"
Matthew Graham  :  "RTRS - LOCKHART - BUYING MORTGAGE-BACKED SECURITIES IS A LEGITIMATE IDEA THAT DESERVES FULL DISCUSSION BY FED "
Tom Schwab  :  "REPRICE: 2:52 PM - Franklin American Better"
Tom Schwab  :  "REPRICE: 2:42 PM - Chase Better"
Daniel Kramer  :  "REPRICE: 1:57 PM - Fifth Third Mortgage Better"
Matt Hodges  :  "occupyig spouce is only acceptable cb"
Matt Hodges  :  "no"
Daniel Kramer  :  "VA question, please. Can a borrower with a VA certificate, buy a primary home, with a Non Occupying Co-borrower who does NOT have a VA Cert,? VA borrower needs his nephew to co-borrower with him in order to qulaify, income wise"
Matt Hodges  :  "about .25"
Matt Hodges  :  "REPRICE: 1:06 PM - BB&T Better"
Matthew Graham  :  "yeah, but as you can see by the lack of the reaction, it just doesn't matter any more"
Victor Burek  :  "so an A?"
Matthew Graham  :  "I don't see another 4.0+ BTC in the past few years"
Matthew Graham  :  "vs. .283 when-issued and 3.5 average BTC, looks like a strong turn out but at understood yield levels"
Matthew Graham  :  "RTRS - US TREASURY - PRIMARY DEALERS TAKE $16.20 BLN OF 2-YEAR NOTES SALE, INDIRECT $14.71 BLN "
Matthew Graham  :  "RTRS - U.S. 2-YEAR NOTES BID-TO-COVER RATIO 4.07, NON-COMP BIDS $173.18 MLN "
Matthew Graham  :  "RTRS- U.S. SELLS $35 BLN 2-YEAR NOTES AT HIGH YIELD 0.280 PCT, AWARDS 8.48 PCT OF BIDS AT HIGH "