MBS AFTERNOON: Highs of the Day. No Reprices

By: • Tue, Feb 2 2010, 4:13 PM

Heading towards the exit signs, rate sheet influential MBS coupons are priced near their best levels of the day.

The FN 4.0 is +0-05 at 98-02 yielding 4.188% and the FN 4.5 is +0-03 at 101-01 yielding 4.408%. The secondary market current coupon is 4.375%. We are testing the upper limits of our recent range.....

The stock never did NOT reattach itself. Rates have been disconnected all day. Treasury futures prices in RED, S&P futures prices in YELLAH...

Reprices not issued.