Bonds began the day in weaker territory but attempted to bounce heading into the 10am hour. They've been fading again since then and are now down 7 ticks (.22) on the day and roughly an eighth of a point from the AM price plateau. Lenders who priced near that plateau could already technically be considering a negative reprice, although it would only be the jumpiest lenders.
10yr yields are up 2.5bps at 3.775
