MBS are at new lows for the day, down roughly 0.05 from the previous low. This is enough of drop that we could see the first few jumpy lenders pull the trigger on a reprice. Risks are much lower for lenders who priced at 10am ET or later.
Giving up overnight gains before data and no change since. MBS unchanged and 10yr down half a bp at 4.279 (up from lows of 4.265).
10yr yields moved up 1bp back to unchanged levels of 4.281 and MBS are now down 1 tick (.03)
MBS are at new lows for the day, down roughly 0.05 from the previous low. This is enough of drop that we could see the first few jumpy lenders pull the trigger on a reprice. Risks are much lower for lenders who priced at 10am ET or later.