MBS prices lost ground fairly quickly after the 3pm CME close and 5.5 coupons are now down a quarter point on the day and just over 3/8ths from the AM highs. Negative reprices remain possible and are now slightly more possible.
10yr yields are up 3bps to the highs of the day at 4.285.
MBS prices lost ground fairly quickly after the 3pm CME close and 5.5 coupons are now down a quarter point on the day and just over 3/8ths from the AM highs. Negative reprices remain possible and are now slightly more possible.
10yr yields are up 3bps to the highs of the day at 4.285.