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Initially stronger overnight with moderate selling just before the open. MBS down 2 ticks (.06) and 10yr up 1.5bps at 4.391
Weaker after JOLTS, but stabilizing now. MBS down an eighth and 10yr up 2.2bps at 4.397
Weakest levels. MBS down 6 ticks (.19) and 10yr up 3.5bps at 4.41
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Bonds have been selling slowly and steadily all day. MBS are now down a quarter point in total and roughly 6 ticks (.19) from early lenders' rate sheet print times. Negative reprices are now becoming a stronger possibility for the jumpier lenders.
10yr yields are up 4.6bps at 4.421.
Last heads-up: 4pm ET could see another little pop of volatility at the quarterly-rebalancing cut-off.