Modestly weaker overnight and a bit weaker so far. MBS down almost an eighth and 10yr up 2bps at 4.49
More weakness. MBS down just over a quarter point and 10yr up 5bps at 4.519
Flat at weakest levels. MBS down 9 ticks (.28) and 10yr up 5.3bps at 4.522
Weaker at the 3pm CME close. MBS down 11 ticks (.34) and 10yr up 6.5bps at 4.534
After holding fairly flat for the past 3 hours, bonds just ratcheted a few more ticks/bps weaker at the 3pm CME close. MBS were briefly down 3/8ths, but currently down a bit less than that. Still, any lender who has yet to reprice for the worse today is increasingly likely to do so.
10yr yields popped another few bps and are now up 6.5bps on the day at 4.534.