MBS ALERT: Lows Of The Day Accelerate Reprice Risk

If you've already seen a reprice for the worse, and additional one here may not be that likely.  Conversely, if you HAVE NOT yet received a reprice for the worse, NOW'S THE TIME!  (probably....)  We say probably because there's no telling how specific lenders already hedged rate sheets today given the opening weakness and the price declines leading into the 10AM hour as stocks rallied from the close.  The 4.5 is at 99-28, still in the Par-nertia range.  Tsy's just cracked 3.52.  Not bad shape to be in overall, but potentially too weak to justify any aggressive rate sheets that might be floating around out there...  This weakness, so far, does not have any implications beyond short term deals.  Stay tuned...