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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
97.86
+0.36
UMBS 6.0
99.78
+0.32
UMBS 6.5
101.42
+0.34
2 YR
4.8891
+0.0154
10 YR
4.5809
+0.0014
Pricing as of: 5/3 3:58AM EST
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