MBS & US Treasury Markets
9/25 12:54:42PM EST : Delayed Data

"Iran-US Talks Enter Technical Stage, Al-Jazeera Journalist Reports – CBS"

Oil prices dropped from 94 to under 92 almost instantly on that headline and 10yr yields are following, now down 3.4bps at 5.167.

MBS are up nearly 3/8ths of a point and at the day's best levels.  

08:54 AM

MBS up nearly a quarter point and 10yr down 1.9bps at 5.182

12:06 PM

Rallying on war headlines. 10yr down 3.1bps at 5.169. MBS up 11 ticks (.34).