MBS ALERT: Sellling Off

Rate sheet influential FN 4.5s and 5.0s have moved several ticks lower in price (and wider in spread) over the last five minutes. If your lenders have already published pricing they may recall rate sheets...(if they have itchy trigger finger)

Remember MBS is not high on the "window dressing" list and will be subject to psychological profit taking points...on the FN 4.5, 100-00 (par-nertia) has moderated momentum while the FN 5.0 has run out of steam as it approaches 102-00. That said...we are hopeful that the range and wider spreads will help alleviate selling pressure (buy dips sell  rips)

CHARTS COMING...