MBS are now down 6 ticks (.19) on the day and an eighth of a point from the AM highs after a slightly hotter reading on the Job Openings data ( 7.594m vs 7.30m f'cast).
10yr yields are up 2.9bps at 4.403.
Not a huge sell-off, but it added another 2bps to the morning's already modest weakness. It looks to be finding its footing already, so we're not necessary assuming much--if any--negative reprice risk just yet.
MBS are now down 6 ticks (.19) on the day and an eighth of a point from the AM highs after a slightly hotter reading on the Job Openings data ( 7.594m vs 7.30m f'cast).
10yr yields are up 2.9bps at 4.403.
Not a huge sell-off, but it added another 2bps to the morning's already modest weakness. It looks to be finding its footing already, so we're not necessary assuming much--if any--negative reprice risk just yet.