We'll dig into the details in the morning commentary, but bonds are definitely reaction. Large volume spike and nearly a 4bp rally in 10yr yields so far--currently down almost 2bps on the day at 4.163.
MBS are up more than a quarter point.
Stronger after CPI data. MBS up just over a quarter point and 10yr down 1.6bps at 4.16
We'll dig into the details in the morning commentary, but bonds are definitely reaction. Large volume spike and nearly a 4bp rally in 10yr yields so far--currently down almost 2bps on the day at 4.163.
MBS are up more than a quarter point.