Senior Loan Officer
Mortgage Company, LLC.
MBS & US Treasury Markets
10/1 10:56:58AM EST : Delayed Data
09:04 AM
Another round of 8:20am selling erases small overnight gains. 10yr up 1.6bps at 5.303 and MBS up 3 ticks (.09).
Senior Loan Officer
Mortgage Company, LLC.
In the last alert: "the market reaction is still playing out."
As the "playing out" continues, we're now back to unchanged levels in MBS--several bps stronger than pre-data levels.
Same story in 10yr yields, now up less than 1bp on the day at 5.295.
The 5.34% technical level has brought in bond buyers twice now (once overnight at 3:30am ET and then again just after the 10am mini-sell-off).