Slightly stronger after AM data, but still weaker on the day. MBS down 1 tick (.03) and 10yr down 1.3bps at 4.283
weakest levels of the AM. MBS down 6 ticks (.19) and 10yr up 4.6bps at 4.316
sharply weaker after auction with MBS down 3/8ths and 10yr up 10bps at 4.37
MBS are now down 14 ticks (.44) and 10yr yields are up 10.3bps. Lenders are seeing at least a quarter point of weakness vs rate sheet print times. As such, negative reprices are becoming likely if you haven't seen them already. Some lenders will be back for a 2nd reprice.