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Treasuries losing some ground after jobs report. up 2.2bps at 4.194. MBS up massively on the day still due to last night's Trump headlines.
10yr up 2.2bps at 4.194. MBS still outperforming, but sobering up and now only up 6 ticks (.19).
Massive MBS volatility. More sobering up. 5.0 coupons now unchanged on the day. 10yr up 2.4bps at 4.195
Volatility continues. MBS back up a quarter point. 10yr up 1bp at 4.182
Volatility Continues. MBS were nearly back to unchanged, but are now back up a quarter point. 10yr down 0.5bps at 4.167
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This is a heads-up alert that will require some analysis on your part if you choose to act on it.
MBS are still up 3 ticks (.09) on the day, but are down more than a quarter point from the most recent stably-held high. Lenders who priced in line with those highs are at risk of considering negative reprices.
That said, pricing strategies can vary widely today, so it could make sense to consider how much better your rate sheet is versus yesterday. If it's not much better, you might be looking at less risk.
Overall, bonds have been flat on the day with 10yr yields almost perfectly unchanged.