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.
Calm and Slightly Stronger, But Volatility Will be Back
Fri, May 8 2026, 3:34 PM
MBS Recap
Calm and Slightly Stronger, But Volatility Will be Back
MBS Recap Matthew Graham | 3:28 PM
Calm and Slightly Stronger, But Volatility Will be Back
Once or twice per week, the bond market manages to post a fairly calm trading day against the prevailing backdrop of generally higher volatility. Today was such a day. The most helpful catalyst was an absence of any major war-related headlines and associated oil price volatility. That said, it's a near certainty that war-related volatility will be back in the coming week.
No major reaction to jobs report. MBS up 2 ticks (.06) and 10yr down 1.5bps at 4.375
10:46 AM
Slightly stronger but leveling off. MBS up 6 ticks (.19) and 10yr down 3.6bps at 4.356
02:13 PM
MBS up 5 ticks (.16) and 10yr down 3.5bps at 4.356
Lock / Float Considerations
5/8/26 - Bonds remain range-bound after starting the week near the highs and failing to break below 4.34%. The next big move depends on the course of the war. There's no way to set a lock/float strategy based on war headlines in the short term. In the slightly longer term, a peace deal would likely carry some benefit for rates versus current levels.
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.
