Bonds are losing ground quickly in a move that's tracing a spike in oil prices. 10yr yields are up 1.5bps on the day at 5.127 and MBS are down an eighth of a point.
Compared to the highs of the day (when most lenders published rates), MBS are down a quarter point. As such negative reprices are becoming likely.
Bonds are losing ground quickly in a move that's tracing a spike in oil prices. 10yr yields are up 1.5bps on the day at 5.127 and MBS are down an eighth of a point.
Compared to the highs of the day (when most lenders published rates), MBS are down a quarter point. As such negative reprices are becoming likely.