MBS Alert: Moving Into The Red

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Moving Into The Red

Fri, Apr 24 2026, 9:38 AM

Most lenders are not yet out with rate sheets, but for those with the ability to lock yesterday's rates, this is a heads-up that MBS just moved into negative territory (down about 5 ticks or 0.16 from this morning's first liquid highs). 10yr yields are now up 1.6bps at 4.34 after being as low as 4.30+ a few hours ago.

The move apparently follows this newswire:

NO IRAN-U.S. TALKS TO TAKE PLACE DURING FM ABBAS ARAGHCHI’S VISIT TO PAKISTAN, ONLY BILATERAL ENGAGEMENT

A short while before that, Araghchi's diplomacy tour was seen as a potential indication of negotiations.

More MBS and Treasury Markets

MBS Recap:

Bonds Finally Trade Something Other Than The War - Fri, 8:02 PM

MBS Update:

Erasing Losses After Powell Headlines - Fri, 2:18 PM

MBS Morning:

War Headline Waiting Game is The Only Game in Town - Fri, 1:18 PM

MBS Recap:

Volatility Picked Up Despite Lackluster News Quality - Thu, 8:43 PM

MBS Alert:

MBS Losing Ground on Iran Headlines - Thu, 5:11 PM

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Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.