Bonds market losses have been gradual but have now carried UMBS 6.0 coupons to the lows of the day, down a quarter point in total. More importantly, prices are down just over an eighth of a point from many lenders' rate sheet print times. As such, negative reprices can't be ruled out from the jumpier lenders.
Bonds market losses have been gradual but have now carried UMBS 6.0 coupons to the lows of the day, down a quarter point in total. More importantly, prices are down just over an eighth of a point from many lenders' rate sheet print times. As such, negative reprices can't be ruled out from the jumpier lenders.
10yr yields are up 4.2bps at 4.498.