Rally reversal continues. MBS now down a quarter point on the day and 10yr up 5bps at 4.08.
General reason: Powell's push-back on dots as predictive of 3 cuts in 2025.
Negative reprices are becoming more likely.
Rally reversal continues. MBS now down a quarter point on the day and 10yr up 5bps at 4.08.
General reason: Powell's push-back on dots as predictive of 3 cuts in 2025.
Negative reprices are becoming more likely.