No drama in Retail Sales data. MBS up an eighth and 10yr down 1.8bps at 4.446
Minimal change so far. MBS up an eighth and 10yr down 1.2bps at 4.452
MBS up 2 ticks (.06) on the day, down just over an eighth from the AM highs. 10yr yields are still down 1bp on the day at 4.455
This is more of a heads up than an emergent alert. MBS are still 1 tick (.03) higher on the day and the Treasury market suggest MBS selling may be a bit overdone, but 5.0 coupons are down 5-6 ticks (.16-.19) from the AM highs. Those highs coincide with some early lenders' rate sheet print times. As such, they could technically justify a negative reprice.