The ECB rate announcement and comments have been this morning's dark horse market mover. The initial reaction contributed to selling in Treasuries, but in the past hour, additional ECB comments have pushed yields all the way back into positive territory on the day. Slightly lower spot crude prices haven't hurt.
10yr yields are now down half a bp at 4.257 and MBS are unchanged.
moderately weaker overnight. with most of the losses seen in the last 2 hours. MBS down a quarter point and 10yr up 4.7bps at 4.308. 2yr yield is up twice as much as market reacts to Fed day
10:17 AM
Back to unchanged in MBS and up half a bp in 10yr at 4.267
The ECB rate announcement and comments have been this morning's dark horse market mover. The initial reaction contributed to selling in Treasuries, but in the past hour, additional ECB comments have pushed yields all the way back into positive territory on the day. Slightly lower spot crude prices haven't hurt.
10yr yields are now down half a bp at 4.257 and MBS are unchanged.