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MBS up 2 ticks (.06) and 10yr down less than 1bp at 5.231
Heavy selling between 9:30am and 10am. Bouncing modestly after 10am data. MBS down over an eighth and 10yr up 1.1bps at 5.25
MBS down a quarter point, but well off the weakest levels after Williams' comments implying no urgent need for additional rate hikes. 10yr still up 2.6bps at 4.267
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MBS are now down almost half a point with many lenders seeing more than a quarter point of weakness since their last rate sheet.
Most any lender is at least at some risk of negative reprices (or additional negative reprices).