modestly weaker overnight, mostly after Europe opened. MBS down 2 ticks (.06) and 10yr up 3.5bps at 4.549
Weaker over the past 45 minutes. MBS down 7 ticks (.22) and 10yr up 5bps at 4.564
Weakest levels of the day with MBS down 10 ticks (.31) and 10yr yield up 7.7bps at 4.592
MBS are now down 9 ticks on the day (.28) and nearly a quarter point from the AM highs. Lenders who priced at or before 9:30am ET are slightly more likely to be considering negative reprices. Some of the later-pricing lenders could even be considering reprices if they're feeling especially jumpy.
10yr yields are up 7.4bps now after a slow, steady sell-off, at 4.589.