FN 5.0 Selling After the Close: Reprices Looming

By: • Tue, Dec 2 2008, 3:25 PM

I was in the middle of typing a longer more detailed update when the MBS market started to sell off after the close. Spreads are still widening!!!

FN 5.0 is now -8/32 at 100-25. Reprices for the worse are looming. Will post end of day wrap....