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Modestly weaker after weekly ADP data. No reaction to Retail Sales. MBS down 2 ticks (.06) and 10yr up 1.9bps at 4.268
10yr up 2.4bps at 4.275. MBS down 5 ticks (.16).
MBS down a quarter point and 10yr up 4.6bps at 4.296
Sideways since previous update. MBS still down a quarter point and 10yr up 4.4bps at 4.295
MBS are now down nearly 3/8ths and 10yr up almost 6bps at 4.308
MBS back to only being down a quarter point and 10yr up only 4.4bps at 4.294
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Following news that neither JD Vance nor Iran will attend Wednesday's scheduled talks in Pakistan, oil prices and bond yields are at their highest levels of the day.
MBS are now down nearly 3/8ths of a point with many lenders seeing at least an eighth of a point since rate sheet print times. Negative reprices can't be ruled out. The caveat is that current prices are only 1 tick (.03) below the previous intraday low.