Sharply weaker overnight with oil price spike. High yields of 4.21% in 10yr. Now up only 4.2bps at 4.171. MBS down just under a quarter point.
Off the weakest levels. MBS down an eighth and 10yr up 2.8bps at 4.157
MBS back to unchanged. 10yr also unchanged at 4.13
MBS up 6 ticks (.19) and 10yr down 3.5bps at 4.094
TRUMP SAYS “I THINK THE (IRAN) WAR IS VERY COMPLETE, PRETTY MUCH" - CBS REPORTER ON X, CITING AN INTERVIEW
Following that newswires, bond yields have dropped 3.3bps to 4.096. Stocks have surged to completely erase today's losses. And oil prices have dropped well below Friday's closing levels.
MBS are now up 6 ticks (.19) on the day. Any lenders who don't reprice for the better this afternoon will presumably have a bit of insulation heading into tomorrow morning.