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Initially stronger after data, but pulling back a bit. MBS roughly unchanged and 10yr down 1.7bps at 4.032
Holding modest gains. MBS up 2 ticks (.06) and 10yr down 3.2bps at 4.017
Fairly flat, but near weaker levels of the past few hours. MBS up only 1 tick (.03) and 10yr down 2.9bps at 4.02
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This is more of a heads-up than a dire reprice alert. MBS are still up 1 tick on the day (0.03) and things have been reasonably flat all day. Slow erosion in bonds has now added up to MBS being down just over an eighth of a point from the mid-morning highs. Since those highs coincide with some lenders' rate sheet print times, negative reprices can't be ruled out among the jumpier lenders.
Best way to use this alert: as a cue to lock if you were already planning on locking today (no point in waiting for a positive reprice now).