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Reprice Risk for Earliest Lenders

Before we dig into Draghi's press conference, here's a quick alert for any lender out with rates at 8:45am or before, or for those with overnight price protection.  We're now looking at 6 ticks of weakness from the earliest possible rate sheet print times.  If your rate sheets aren't out yet, or if they came out only a short while ago, you're probably not at much risk (yet).

MBS / Treasury Market Data

UMBS 5.5
98.42
+0.56
UMBS 6.0
100.20
+0.43
UMBS 6.5
101.66
+0.24
2 YR
4.7806
-0.0931
10 YR
4.4903
-0.0892
Pricing as of: 5/3 9:32AM EST
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