Posted by Bear900/CA on 8/21/13 6:30pm
Msg #481484
Taper Light? Bernanke “Bud” Light?
Loan pricing engines have been blowing fuses all week long. Quote a rate today, it’s gone tomorrow. Just Cuckoo!
Today’s reaction to the Fed’s possibly tapering off purchasing MBS starting in Sept:
From Rate Alert: “FNMA 4.0% (coupon) 102.08 -53 bps today: That Hurts. Expect Worse Pricing”
http://www.bloomberg.com/news/2013-08-21/fomc-minutes-show-broad-support-for-bernanke-tapering-timeline.html
Most banks send out multiple “re-price for the worse” emails, some just shut down pricing all-together. Doesn’t that make you warm and fuzzy?
Eyeing Cheryl’s hammock and sitting back with an ice cold glass of Reserve Kool-Aide, light of course.
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