Roughly unchanged after modest 2-way volatility. MBS up 2 ticks (.06) and 10yr down 0.4bps at 4.321
moving into weaker territory. MBS down 1 tick (.03) on the day and over an eighth from the early price plateau. 10yr up 1.3bps at 4.338
10yr at lows of day, down 2.2bps at 4.303. MBS up 6 ticks (.19). Move follows new of DOJ potentially dropping Powell case
DOJ EXPECTED TO DROP CRIMINAL PROBE OF POWELL, ABC SAYS
After that newswire, bonds and Fed Funds Futures are improving independently from stocks/oil/etc.
10yr at lows of day, down 2.2bps at 4.303. MBS up 6 ticks (.19).