MBS & US Treasury Markets
9/17 4:19:29PM EST : Delayed Data

Rally reversal continues.  MBS now down a quarter point on the day and 10yr up 5bps at 4.08. 

General reason: Powell's push-back on dots as predictive of 3 cuts in 2025.

Negative reprices are becoming more likely.

09:48 AM

Modestly stronger overnight and little-changed so far this morning.  MBS up 1 tick (.03) and 10yr down half a bp at 4.027

11:34 AM

Just barely weaker now.  MBS down 1 tick (.03) and 10yr up less than half a bp at 4.035

02:06 PM

Stronger after the dot plot.  MBS up just over an eighth and 10yr down 3.3bps at 3.998

02:40 PM

MBS now down 2 ticks (.06) on the day. 10yr yields are up 2.3bps at 4.053

02:56 PM

MBS now down a quarter point on the day and 10yr up 5bps at 4.08