Wednesday, May 27, 2009

MBS Free Fall

FNMA 30yr 4.5 Coupon

The MBS 4.5 coupon is off nearly 160 basis points from yesterday's close, dropping 100 bps just since 1:30pm.

30yr fixed rates have jumped .25% - .375% on the price decline.

The Treasury market is suffering as well:
Bonds turn lower (, 5/27/09)

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