Oil prices and bond yields are both at the highs of the day with 10yr yields up 2.5bps at 4.718%.
MBS are also at the lows, down an eighth of a point on the day and an eighth of a point versus intraday highs. Because those highs coincide with some lenders' rate sheet print times, negative reprice risk can't be ruled out from the jumpiest lenders.
Oil prices and bond yields are both at the highs of the day with 10yr yields up 2.5bps at 4.718%.
MBS are also at the lows, down an eighth of a point on the day and an eighth of a point versus intraday highs. Because those highs coincide with some lenders' rate sheet print times, negative reprice risk can't be ruled out from the jumpiest lenders.