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Negative Reprice Risk Increasing

10yr yields are now up to session highs (+0.018 at 2.3036) and fannie 3.5s are down an eighth of a point from some lenders' rate sheet print times.  As such, the early/aggressive lenders may be considering negative reprices, but it would take several more ticks of weakness for the average lender.

MBS / Treasury Market Data

UMBS 6.0
99.81
-0.01
UMBS 6.5
101.65
0.00
10 YR
4.9197
-0.0102
Pricing as of: 11/2 8:00AM EST
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