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Modestly weaker after weekly ADP data. No reaction to Retail Sales. MBS down 2 ticks (.06) and 10yr up 1.9bps at 4.268
10yr up 2.4bps at 4.275. MBS down 5 ticks (.16).
MBS down a quarter point and 10yr up 4.6bps at 4.296
Sideways since previous update. MBS still down a quarter point and 10yr up 4.4bps at 4.295
MBS are now down nearly 3/8ths and 10yr up almost 6bps at 4.308
MBS back to only being down a quarter point and 10yr up only 4.4bps at 4.294
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Bonds are right back in line with the levels from before the last alert after the following newswire:
TRUMP: EXTEND THE CEASEFIRE UNTIL IRAN PROPOSAL SUBMITTED
A few lenders had already repriced. Another few could already be in motion. Otherwise, this largely alleviates negative reprice risk mentioned in the last alert.