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Much stronger overnight on shifting election odds. MBS up 3/8ths and 10yr down 11.3bps at 4.281.
Losing ground since 10am. Still much stronger on the day with MBS up a quarter point and 10yr down 9.3bps at 4.301
New lows, still up 5 ticks (.16) on the day, but down a quarter point from highs. 10yr down 7.2bps at 4.322, but up from lows of 4.262
Off the lows from the last update. MBS up 9 ticks (.28) and 10yr down 9.7bps at 4.297.
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Bonds continue correcting after the big overnight rally. MBS were already just over an eighth of a point off the AM highs at the time of the last alert. They've since lost nearly another eighth. Some lenders are seeing a quarter point of weakness since AM rate sheet print times and are thus increasingly considering negative reprices.
10yr yields are still down 7 bps on the day at 4.323, but up from lows of 4.262.