MBS UPDATE: SLOWLY IMPROVING
By:
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The MBS stack is continuing to build upon its intraday gains. I am sure most of you are at least floating your loans into the end of the day in hopes of a reprice for the better. Treasuries rates took a nosedive following the 10 year note auction...MBS had detached itself from the yield curve this morning and remains in its own world heading into the 3pm close.
APRIL FN30_______________________________
FN 4.0 -------->>>> +0-05 to 98-24 from 98-19
FN 4.5 -------->>>> +0-07 to 100-28 from 100-21
FN 5.0 -------->>>> +0-01 to 101-31 from 101-30
FN 5.5 -------->>>> +0-04 to 102-24 from 102-20
FN 6.0 -------->>>> +0-06 to 103-15 from 103-09