MBS AFTERNOON: Reprices for the Better Reported
February 26, 2010 – 12:05 pmPosted To: MBS Commentary
Although "rate sheet influential" MBS coupons are off intra day price highs, we are seeing reprices for the better. If you're floating in the short term, wait a bit longer as you should pick up between .125 and .375 bps after rates are republished. The FN 4.0 is +0-09 at 98-12 yielding 4.157% and the FN 4.5 is +0-09 at 101-07 yielding 4.369%. The secondary market current coupon is 4.295%. The current coupon yield is 69.3 bps higher than the 10 year TSY note yield and 61.2 bps over the 10 yr swap rate….(read more)
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