Choppy and slightly weaker overnight, but sideways and holding ground since then. MBS down 2 ticks (.06) and 10yr up 2.4 bps at 4.426
After a decent rally into 10:30am, MBS are down an eighth from highs and 3 ticks (.09) on the day. 10yr up 4.6bps at 4.446
MBS had a decent rally into 10:30am but have been losing ground steadily since noon. Chatter surrounds the anticipation over the Senate unveiling its version of the spending bill. 10yr yields are up 4.4bps at 4.445
MBS are down an eighth on the day and 5 ticks (.16) from the highs. Lenders who priced near those highs could technically be considering negative reprices.