MBS & US Treasury Markets
3/20 3:06:31PM EST : Delayed Data

One last alert for the road today.  No sense in overdoing it, but it's worth noting that MBS are now at new lows with 5.0 coupons down nearly a full point on the day and 10yr yields up 14.2bps at 4.391. 

Any lender could justify a negative reprice, but actual risk will depend on how conservative the most recent rate sheet is.

09:46 AM

Sharply weaker overnight with additional selling all morning. MBS down over half a point and 10yr up 7.8bps at 4.327.

01:37 PM

MBS down half a point and 10yr up 11.4bps at 4.364