Adan Saldana
CEO/Loan Originator
Laser Mortgage
License:
NMLS 214926
MBS & US Treasury Markets
7/7 4:45:02PM EST : Delayed Data

*US IS REVOKING IRAN-RELATED GENERAL LICENSE TO EXPORT OIL

*IRAN'S ACTIONS IN STRAIT OF HORMUZ WHOLLY UNACCEPTABLE: OFFICIAL

Following these newswires, oil prices went even higher and bond yields have been highly correlated today. 10yr yields are now up 6bps at 4.531. MBS are down 3/8ths on the day and a quarter point from many lenders' rate sheet print times. 

Negative reprices are now a stronger possibility compared to earlier in the day. 

08:36 AM

Modestly weaker overnight with some pressure from Amazon bond announcement. 10yr up 1.8bps at 4.488 and MBS down 3 ticks (.09). 

09:59 AM

More selling (some related to 9:30am NYSE open and some due to Hormuz news). 10yr up 3.8bps at 4.508 and MBS down a quarter point. 

01:29 PM

10yr up 5.3bps at 4.523 and MBS down 10 ticks (.31).

Adan Saldana
CEO/Loan Originator
Laser Mortgage
License:
NMLS 214926