MBS ALERT: BIDS DETERIORATING

By: •

Bids are deteriorating. MBS is outperforming the steepening TSY curve (spreads are tightening). Unless lenders bear the brunt of these losses rate sheets will be worse this AM

915AM Marks...

Since 3pm Close yesterday

FN30______________________________               

FN 4.5 -------->>>> -0-09 to 100-27 from 101-04                                      

FN 5.0 -------->>>> -0-07 to 101-30 from 102-05                                  

FN 5.5 -------->>>> -0-05 to 102-15 from 102-20   

FN 6.0 -------->>>> -0-03 to 103-07 from 103-10                                       

GN30______________________________________

GN 4.5 -------->>>> -0-11 to 101-08 from 101-19

GN 5.0 -------->>>> -0-07 to 102-15 from 102-22

GN 5.5 -------->>>> -0-06 to 102-28 from 103-02

GN 6.0 -------->>>> -0-04 to 103-14 from 103-18