|
|
|
Moderately weaker overnight on renewed Iran war hostilities. Not much reaction to ADP data. 10yr up 3.7bps at 4.49 and MBS down a quarter point
modest improvement after ISM data, but only in Treasuries. 10yr up 2.3bps at 4.476 and MBS still down a quarter point
weakest levels with MBS down 10 ticks (.31) and 10yr up 4.5bps at 4.498
Sideways at weaker levels. MBS down 9 ticks (.28) and 10yr up 3.6bps at 4.489
|
|
|
|
MBS are now down almost 3/8ths of a point on the day and just over an eighth from the most recent high around 10:30am. Lenders who priced at that time (or shortly thereafter) could be considering negative reprices, but those higher levels only showed up during a 15-20 minute window.
10yr yields are up to 4.497--the highs of the day.
Headlines contributing to the move:
ARAGHCHI: OUR ARMED FORCES ARE CONDUCTING SELF-DEFENSE STRIKES ON SITES THE U.S. IS PERMITTED TO USE TO ATTACK CIVILIAN SHIPPING AND VIOLATE THE CEASEFIRE.
ANY HOSTILE ACT WILL BE MET WITH AN IMMEDIATE, DECISIVE RESPONSE. WHAT SANCTIONS AND WAR FAILED TO ACHIEVE WON'T BE WON WITH MORE WAR