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Thanks Dave, but for some reason that link gave me a not available for non subscribers message. Here is another link:

They don't seem so sure that rates are changing much yet:

Fading Slightly After Hours. Reprice Behavior May Vary
Fannie 3.5s are down 12 ticks from recent highs. On almost any other day in history, that'd be good for widespread negative reprices. Today, however, the "widespread" part is less of a certainty, though we may be at risk for a few. That will depend on how recently the last reprice came in and how nimble the lender in question normally is.

Bottom line, there's some growing risk as the rally abates, but no massive, panicky afternoon sell-off (Fannie 3.5s at 100-00 still 24 ticks off morning lows). Bigger picture, it's a negative daily technical picture given that MBS were generally capped by Friday's lows and that Treasuries were unable to break back below Friday's high yields, so we wouldn't assume today marks "the turn" in rates just yet.

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