MBS & US Treasury Markets
6/5 9:32:56PM EST : Delayed Data

MBS are now down 2 ticks and 10yr yields are up 2.2bps at 4.378 after more details on the Trump/Xi phone call. 

Newswires are far from earth-shattering, but they've been enough to drive some risk-on trading in stocks/bonds.

TRUMP: CALL LASTED APPROXIMATELY ONE AND A HALF HOURS, AND RESULTED IN A VERY POSITIVE CONCLUSION FOR BOTH COUNTRIES 

TRUMP: OUR RESPECTIVE TEAMS WILL BE MEETING SHORTLY

08:42 AM

Slightly stronger overnight and little-changed after econ data.  MBS up an eighth and 10yr down 3bps at 4.326

09:26 AM

Losing ground after ECB announcement.  MBS down 1 tick (.03) and 10yr up half a bp at 4.36