• Consume Confidence 
    • 108 vs 104.5 f'cast
  • New Home Sales
    • 685k vs 500k f'cast

Internal component of the confidence data were strong as well.  The data also hits as Fed's Bullard is reinforcing the same old hawkish message.

MBS are now down 5 ticks (.16) on the day and a FULL POINT from the highs.

10yr yields are up 3bps after being down more than 10 earlier. 

Lenders who were out with rates early could be considering negative reprices.