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Nice rally overnight on confirmation of U.S./Iran peace deal with scheduled signing. MBS up nearly a quarter point and 10yr down 3.3 bps at 4.452
MBS still up 7 ticks (.22) and 10yr down 2.4bps at 4.461
MBS up 5 ticks (.16) and 10yr down 2.2bps at 4.463
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Bonds are still in positive territory on the day, but at the weakest levels. 10yr yields are down 1.5bps at 4.47, up about 3bps from the lows.
MBS are up an eighth, but down 6 ticks (.19) from AM highs. Lenders who priced during or slightly after those highs (10-10:40am ET) could technically justify a negative reprice, but also consider how much the rate sheet improved vs Friday (i.e. the more it improved, the bigger the risk).