For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Rates vary based upon market conditions and borrower qualification.
Bonds Close Out Epic Week of Resilience With Friendly Data
Fri, Feb 13 2026, 4:13 PM
MBS Recap
Bonds Close Out Epic Week of Resilience With Friendly Data
MBS Recap Matthew Graham | 4:13 PM
Bonds Close Out Epic Week of Resilience With Friendly Data
Friday was a logically friendly day thanks to slightly lower CPI. But no matter what happened on any of the other 4 days, this week was all about bonds ending up at much stronger levels in spite of a jobs report that should have sent rates higher on Wednesday. Ironclad justification remains impossible, but the leading theory involves heavy liquidation mode in stocks/commodities on Thursday. Holiday weekend positioning could also be a factor. As such, we'll learn a lot more next Tuesday--especially if stocks find a reason to stage a big bounce.
Stronger After CPI and sideways since then. MBS up roughly and eighth and 10yr down 4bps at 4.06
01:52 PM
Losing ground modestly. MBS still up 2 ticks (.06) and 10yr still down 3.5bps at 4.066
02:58 PM
MBS up an eighth and 10yr down 4.7bps at 4.053
Lock / Float Considerations
Thursday night was a coin flip for locking/floating. It ended up being rate-friendly thanks to CPI, but the moderate gains suggest the mystery momentum that fueled an impressive week for bonds is starting to wane. Risk-averse clients continue to favor locking in these scenarios--especially with rates basically matching 3.5-year lows. Risk-tolerant clients have that much more room to set overhead lock triggers.
For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Rates vary based upon market conditions and borrower qualification.
