MBS UPDATE: Prices Staying Under Pressure

3:35pm EST

FN30__________________________________

FN 4.5 -------->>>> -0-13 to 100-20 from 101-01

FN 5.0 -------->>>> -0-09 to 101-25 from 102-02

FN 5.5 -------->>>> -0-06 to 102-13 from 102-19

FN 6.0 -------->>>> -0-06 to 103-00 from 103-06

The lower end of the stack is taking the biggest beating.

There is a risk of reprices for the worse.