Modestly stronger overnight and little-changed so far this morning. MBS up 1 tick (.03) and 10yr down half a bp at 4.027
Just barely weaker now. MBS down 1 tick (.03) and 10yr up less than half a bp at 4.035
Stronger after the dot plot. MBS up just over an eighth and 10yr down 3.3bps at 3.998
MBS now down 2 ticks (.06) on the day. 10yr yields are up 2.3bps at 4.053
MBS now down a quarter point on the day and 10yr up 5bps at 4.08
Rally reversal continues. MBS now down a quarter point on the day and 10yr up 5bps at 4.08.
General reason: Powell's push-back on dots as predictive of 3 cuts in 2025.
Negative reprices are becoming more likely.