U.S. REMOVES IRAN-RELATED SANCTIONS -TREASURY WEBSITE
We have not been able to independently confirm that the the sanctions news exists on Treasury's website, but the newswire exists and markets are reacting.
MBS are back to within 1 tick (.03) of unchanged and 10yr yields are within a fraction of a bp at 4.616.
This alleviates any reprice risk that had been building into the 10am hour.
U.S. REMOVES IRAN-RELATED SANCTIONS -TREASURY WEBSITE
We have not been able to independently confirm that the the sanctions news exists on Treasury's website, but the newswire exists and markets are reacting.
MBS are back to within 1 tick (.03) of unchanged and 10yr yields are within a fraction of a bp at 4.616.
This alleviates any reprice risk that had been building into the 10am hour.