President
Colten Mortgage
License:
NMLS #6122
Company NMLS #14210
MBS & US Treasury Markets
12/3 11:29:56AM EST : Delayed Data

MBS are still in modestly positive territory on the day, but they've been selling gradually since the AM highs in the 8am hour.  5.0 UMBS are now an eighth of a point below those highs.  Reprice risk is a trickier subject as some of the weakness happened before most lenders' rate sheet print times.  

10yr yields are still down 1bp on the day, but up 3bps from the lows (currently 4.082). 

08:37 AM

10yr down 3bps at 4.06 and MBS up more than an eighth of a point even before the ADP data. Little-changed since then. 

10:02 AM

No major reaction to ISM data.  MBS up an eighth and 10yr down 2.2bps at 4.069

10:38 AM

Session lows with MBS down 5 ticks (.16) from AM highs (still up on the day, barely).  10yr down less than 1bp now and up more than 3bps from the lows at 4.084

President
Colten Mortgage
License:
NMLS #6122
Company NMLS #14210