UP TO THE MINUTE UPDATE ............................................. 11:00 am PST
By:
Matthew Graham
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Bond Prices are trending back up slightly. We haven't broken even yet, but are about 3/32nds away from doing so.
This means that any lenders that repriced for the worse today may come back into the market, but only if this positive trend continues through the end of trading.
Trading has been fairly "tight" today meaning we've only moved up and down in about an 8/32nd range. This would seem to indicate that many lenders will not see a need to reprice one way or the other.