MBS RECAP: Aggressive Reprices Reported

Brett Boyke  :  “From Gleacher’s co-head of rates, Russ Certo –


I don’t know from what level but I have a strong sense that the 10 year note will have a 2% handle in the coming days/week. It may be extremely difficult to get long bumping up at 200 day moving avgs, in the midst of supply (5yr note auction just came 1.7 bps through 1pm levels.) and we have $35 billion 5yr equivelants in the form of a 7 year auction tomorrow. We also have ANOTHER refunding announcement right after the long weekend for more 3″

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/213354.aspx

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