This is an example of the suite of marketing tools included in a subscription to MBS Live! This is an example of how your can co-brand business partners. Try these tools with a free trial.
Heading into last night's ceasefire expiration, there was a sense that the market would at least have something to provide a directional cue to break the recent range-bound monotony. Instead, not only was the ceasefire extended, but the new deadline is explicitly TBD. This makes the expiration of range-bound monotony similarly uncertain. Today's almost perfectly flat trading session submits itself as evidence. All this having been said, the absence of a deadline doesn't mean things can't change precipitously.
MBS up 3 ticks (.09) and 10yr down 1.9 bps at 4.276
12:23 PM
MBS now unchanged and 10yr also unchanged at 4.297
03:19 PM
MBS up 2 ticks (.06) and 10yr down 0.3bps at 4.292
Lock / Float Considerations
4/22/26 - The ceasefire extension and uncertain timeframe for a new deadline mean rates have little incentive to stray from a narrow, indecisive range in the short term. This can change abruptly in the event of major change in the status of the war.
This is an example of the suite of marketing tools included in a subscription to MBS Live! This is an example of how your can co-brand business partners. Try these tools with a free trial.
