MBS & US Treasury Markets
3/18 2:17:39PM EST : Delayed Data

If anything, bonds are slightly stronger than before the announcement, but volume and volatility are insanely low for a Fed day (this morning's PPI/Oil trade was much bigger).  Dots were little-changed.

20260318 dot plot.png

MBS are down 3 ticks (.09) but rising. 10yr up 1.4bps at 4.213 but falling. 

08:32 AM

Slightly weaker after PPI data. MBS unchanged after being up a few ticks and 10yr up .8bps at 4.207

09:16 AM

additional weakness with oil prices spiking.  10yr up 2.8bps at 4.227 and MBS down more than an eighth of a point

02:12 PM

modestly stronger after Fed announcement. MBS still down 3 ticks (.09) and 10yr up 1.5bps at 4.214