MBS AFTERNOON: Primetime to Take Profits on Your Pipeline

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Heading into the 5pm marking period, the FN 4.0 is +0-08 at 99-05 yielding 4.09%  and the FN 4.5 is trading +0-08 at 101-24 yielding 4.287%.  The secondary market current coupon is 4.179%.  The CC is +75/10yr TSY and +64/10yr swap.

Below is the FN 4.5. Quite the post auciton recovery!

This is a primetime to take profits on your pipeline. Everyone have a great weekend.....