MBS POST CLOSE: Some Slight Selling

By: Matthew Graham • Wed, Dec 10 2008, 4:30 PM

5.0's were at 101-17 until about 5 minutes ago and have since sold off to 101-10. This coincides with a floor we created near 2pm, so unless we go much lower, reprices for the worse are not likely except among lenders that are on the bleeding edge of the curve.

Stay tuned..