Slightly stronger overnight as stocks swoon on tariff announcements. MBS up 1 ticks and 10y down 2.9bps at 4.508
Lots of volatility surrounding 10am ISM data and US/Mexico tariff pause. MBS now down 1 tick (.03) and 10yr up 1.1bps at 4.526, both near the day's weakest levels.
Mostly holding a fairly narrow range, but currently at the lower end of that range with MBS down 2 ticks (.06) and 10yr yields down 0.3bps at 4.534
Just off weakest levels of the day. MBS down 3 ticks (.09) and 10yr up half a bp at 4.54
MBS are now down an eighth of a point on the day and 6 ticks (.19) from the most recent high. Most lenders are now seeing at least an eighth of a point of weakness from morning rate sheet print times. As such, negative reprices are possible among the jumpier lenders.
10yr yields are now up almost 2bps at 4.554.