Slightly weaker after PPI data. MBS unchanged after being up a few ticks and 10yr up .8bps at 4.207
additional weakness with oil prices spiking. 10yr up 2.8bps at 4.227 and MBS down more than an eighth of a point
modestly stronger after Fed announcement. MBS still down 3 ticks (.09) and 10yr up 1.5bps at 4.214
MBS are at the lows of the day, down 6 ticks (.19) overall and nearly an eighth of a point from the most recent highs. Reprice risk is limited unless we lost more ground from here.
10yr yields are up 3.5bps at 4.235. Highs of the day.
The move follows Powell's comments on disappointing inflation progress.