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sharp gains after TSY buyback announcement. 10yr down 6.2bps at 4.643 and MBS up a quarter point.
Off the best levels. MBS up 6 ticks (.19) and 10yr down 5.4bps at 4.652
MBS up 3 ticks (.09) and 10yr down 2.9bps at 4.677
Back at stronger levels. MBS up 9 ticks (.28) and 10yr down 6.2bps at 4.644
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MBS are still an eighth of a point higher on the day, but down 5 ticks (.16) from the AM highs. Those highs happened fairly close to the earliest lenders' rate sheet print times. As such, negative reprices can't be ruled out completely even though it would probably take another tick or two of weakness for the average lender to pull the trigger.