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Slightly stronger overnight. MBS up 2 ticks (.06) and 10yr down 3.7bps at 4.409 ahead of JOLTS data.
Weaker after data. MBS unchanged and 10yr up half a bp at 4.441
10yr yields are up 2.4bps at 4.47 and MBS down nearly an eighth on the day.
Decent recovery. MBS up 2 ticks (.06) and 10yr close to unchanged at 4.451
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MBS are now down 3 ticks (.09) on the day. These are the lowest levels and more than an eighth of a point below most lenders' rate sheet print times. As such, negative reprices are increasingly possible.
10yr yields are up 2.4bps at 4.47 -- the highs of the day, but just barely.