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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
98.34
+0.05
UMBS 6.0
100.05
-0.03
UMBS 6.5
101.51
-0.07
2 YR
4.8305
+0.0113
10 YR
4.4833
-0.0305
Pricing as of: 5/6 4:49PM EST
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