Bonds have been losing ground slowly this morning after opening at sharply stronger levels. MBS are down 5 ticks (.16) from the highs of the morning and some lenders are seeing an eighth of a point of weakness since rate sheet print times.
Negative reprices are rare in this scenario, but they could technically be justified by jumpy, early lenders.
MBS are still up nearly 3/8ths on the day and 10yr yields are down 5.6bps at 4.503.
modest overnight gains and some extra buying just now after yet another round of peace deal headlines. MBS up 3 ticks (.09) and 10yr down 3bps at 4.459
Bonds have been losing ground slowly this morning after opening at sharply stronger levels. MBS are down 5 ticks (.16) from the highs of the morning and some lenders are seeing an eighth of a point of weakness since rate sheet print times.
Negative reprices are rare in this scenario, but they could technically be justified by jumpy, early lenders.
MBS are still up nearly 3/8ths on the day and 10yr yields are down 5.6bps at 4.503.