MBS Alert: Spoke to Soon

Those pesky illiquid trading conditions!!!!

FN 4.5: +0-03+ at 101-23          GN 4.5: +0-02 at 102-04+

FN 5.0: +0-04 at 102-08+          GN 5.0: +0-05+ at 102-25           

FN 5.5: +0-07 at 102-19            GN 5.5: +0-07+ at 103-02+           

FN 6.0: +0-08  at 102-29           GN 6.0: +0-06+ at 103-02           

Reprices for the worse are now a possibility. If you have been floating any December closings we would advise locking before MBS prices fall further.