Slightly weaker overnight and little-changed so far. 10yr up 1.1bps at 4.197. MBS up 2 ticks (.06).
Best levels of the day. MBS up 7 ticks (.22) and 10yr down 2.4bps at 4.162
No major volatility since Fed announcement. Slightly weaker as Powell begins speaking. MBS still up a quarter point. 10yr down 1.3bps at 4.176
MBS up 3/8ths and 10yr down 4.1bps at 4.145.
Bonds have reversed the initial press conference weakness and are now at their best levels of the day with MBS up 3/8ths and 10yr down 4.1bps at 4.145.