10yr yields are up 2.2bps at 4.263 and MBS are down an eighth of a point on the day and just over an eighth from the AM highs. While the data is highlighted above, the selling came far enough after the fact that we wouldn't blame the data. Bonds may actually be paying some attention to volatility in commodities markets.
In addition to the fact that most lenders are not yet out with rates for the day, we are already seeing signs of support.
10yr yields are up 2.2bps at 4.263 and MBS are down an eighth of a point on the day and just over an eighth from the AM highs. While the data is highlighted above, the selling came far enough after the fact that we wouldn't blame the data. Bonds may actually be paying some attention to volatility in commodities markets.
In addition to the fact that most lenders are not yet out with rates for the day, we are already seeing signs of support.