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Roughly unchanged overnight. No reaction to econ data. MBS up 1 tick (.03) and 10yr down half a bp at 4.223
Weakest levels. MBS down a quarter point. 10yr up 2.7bps at 4.254.
Back to weakest levels after a very modest attempt to recover. MBS down a quarter point again and 10yr up 2.6bps at 4.253
More selling around the 3pm close. MBS down 3/8ths and 10yr up 4.3bps at 4.27
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If you haven't seen a negative reprice yet, you probably will.
MBS are now down nearly 3/8ths of a point on the day and more than a quarter point from most lenders' rate sheet print times. Many have already repriced. Those who haven't are increasingly likely to do so.
No new news... just the same steady selling.
10yr yields are sort of holding the line at the highs, up 2.6bps at 4.253. MBS are underperforming.