MBS & US Treasury Markets
3/25 9:13:46AM EST : Delayed Data

Apparently, bonds aren't quite done responding to escalation/de-escalation headlines for the day, and the latest examples are having the biggest impact. 

ISRAELI CHANNEL 12: ONE-MONTH CEASEFIRE TO BE ANNOUNCED UNDER MECHANISM BEING DEVELOPED BY WITKOFF & KUSHNER

MBS are quickly back up to unchanged levels. Same story for 10yr yields, now unchanged at 4.346.

08:58 AM

Choppy and slightly stronger. MBS up an eighth and 10yr down 3.7bps at 4.327