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Negative Reprice Risk Increasing For Some Lenders

It increasingly looks like bond markets are hunkering down for a case of the mondays.  Stocks, German Bunds, oil, and Treasury yields have all moved higher since 10am.  MBS are unsurprisingly at their lows of the morning with Fannie 3.0s down 6 ticks at 101-27. 

This puts a few of the earliest, most aggressive lenders in a position to consider negative reprices, though I'd emphasize that MOST lenders priced AFTER the initial weakness around 9am.

MBS / Treasury Market Data

UMBS 5.5
99.14
+0.03
UMBS 6.0
100.67
+0.06
UMBS 6.5
102.03
+0.04
2 YR
4.6160
+0.0125
10 YR
4.2676
-0.0142
Pricing as of: 7/8 1:57PM EST
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