weaker overnight and modest additional selling after 830am data. MBS down 3 ticks (.09) and 10yr up 2bps at 4.369
MBS down 10 ticks (.31) and 10yr up 5.3bps at 4.402
Some volatility in response to news that the US is considering renewed strikes in Iran, but losses have been erased since then. MBS still down about 30bps and 10yr up 5bps at 4.398
MBS are now down 10 ticks (.31) on the day with more than half of that seen since 9am ET. Most lenders were not yet out with rate sheets at that time, but this could be a consideration for those with the ability to lock yesterday's rates until this morning's rates come out.
10yr yields are up 5.4bps at 4.402.
The selling has been ongoing, but got noticeable boost from more headlines regarding extending the Iran blockade.