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Mixed reaction to econ data, but broadly sideways. 10yr down 0.2bps at 4.284 and MBS up 1 tick (.03).
10yr yields are now up 3.5bps on the day at 4.321. MBS are down 3 ticks (.09) on the day and just over an eighth from highs
just a bit weaker now. MBS down almost an eighth on the day and more than an eighth from early rate sheets. 10yr up 4.1bps at 4.327
Off the very weakest levels heading into the close with MBS down an eighth and 10yr yields up 3.9bps at 4.325
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Bonds are wilting a bit heading into the PM hours. There's no specific catalyst, nor do we feel compelled to find one on a Friday afternoon. 10yr yields are now up 3.5bps on the day at 4.321.
MBS are down 3 ticks (.09) on the day, but an eighth of a point from AM highs (technically just over an eighth of a point, but those earlier highs were too early to coincide with any lender rate sheet print times.
Bottom line, the jumpiest, earliest lenders could technically justify a negative reprice.