Modestly stronger overnight and sideways so far. MBS up 3 ticks (.09) and 10yr down 2.2bps at 4.431
Sideways to slightly stronger. MBS up an eighth and 10yr down 3.3bps at 4.42
Same levels as the last update and that's a wrap for the week. Bonds almost perfectly unchanged from last Friday.
At the end of a week with a few big ticket economic reports and unexpected headline-induced volatility, who wouldn't like a break? Friday's calendar offers respite with only Consumer Sentiment and residential construction numbers. Neither are market movers. As such, because bonds were green overnight, they remain green as we head into the afternoon. If markets closed right now, we'd be perfectly unchanged on the week.