No drama in Retail Sales data. MBS up an eighth and 10yr down 1.8bps at 4.446
Minimal change so far. MBS up an eighth and 10yr down 1.2bps at 4.452
MBS up 2 ticks (.06) on the day, down just over an eighth from the AM highs. 10yr yields are still down 1bp on the day at 4.455
Weakest levels of the day with 10yr now up 0.1bps at 4.465. MBS are still up 1 tick (.03).
More selling. MBS down 3 ticks (.09) and 10yr up 1.9nps at 4.484
Negative reprice risk was fairly limited when MBS hit their lows earlier today. Prices are now down another 3 ticks (.09) since then and nearly a quarter point from most lenders' rate sheet print times. This makes negative reprices a more legitimate risk heading into the final hour.