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Reprice Risk Maxxed Out

Nothing new to report apart from a continuation of the same beating that was already in progress.  

What's going on?

EVERYONE WANTS CASH.  No one wants to be illiquid or exposed to risk until further notice.  MBS/Treasries also have elevated supply.

2.5 UMBS are down a point from this morning (100bps).  10yr yields are up to 1.147%.

Assume any lender will reprice if they haven't already and if they're not priced so far out of the market that you wouldn't lock with them anyway.

MBS / Treasury Market Data

UMBS 5.5
98.81
+0.34
UMBS 6.0
100.44
+0.24
UMBS 6.5
101.90
+0.20
2 YR
4.6808
-0.0604
10 YR
4.3405
-0.0921
Pricing as of: 7/3 10:57AM EST
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