APRIL FN30______________________________
FN 4.0 -------->>>> -0-05 to 100-19 from 100-24
FN 4.5 -------->>>> -0-07 to 102-08 from 102-15
FN 5.0 -------->>>> -0-04 to 103-03 from 103-07
FN 5.5 -------->>>> -0-06 to 103-18 from 103-24
FN 6.0 -------->>>> -0-01 to 104-02 from 104-03
APRIL GN30____________________________________
GN 4.0 -------->>>> -0-02 to 100-19 from 100-21
GN 4.5 -------->>>> -0-08 to 102-14 from 102-22
GN 5.0 -------->>>> -0-05 to 103-18 from 103-21
GN 5.5 -------->>>> -0-06 to 103-29 from 104-03
GN 6.0 -------->>>> -0-04 to 104-05 from 104-09
It is possible to see reprices for the worse at these levels. To whatever extent that would be due to MBS as opposed to a massive influx of locks is anyone's guess.