MBS are now down 5 ticks (.16) on the day and more than a quarter point form some early lenders' rate sheet print times. Any lender who initially priced before 10:30am is increasingly likely to be considering a negative reprice.
Some early gains on war headlines. MBS up 5 ticks (.16) and 10yr down 1.8bps at 4.573
Gains fully erased as newswires push back on previous headlines. MBS down 1 tick (.03) and 10yr up 1.8bps at 4.61
MBS are now down 5 ticks (.16) on the day and more than a quarter point form some early lenders' rate sheet print times. Any lender who initially priced before 10:30am is increasingly likely to be considering a negative reprice.