Weaker overnight and a bit more selling in the past few minutes. MBS down 5 ticks (.16) on the day and 3 ticks (.09) since rate sheets. 10yr up 4.8bps at 4.113
Best levels of the day in Treasuries with 10yr up only 3bps at 4.096. MBS down an eighth of a point.
A bit weaker after 30yr auction. MBS down 5 ticks (.16) and 10yr up 4.5bps at 4.111
New Lows. MBS down a quarter point and 10yr up 5bps at 4.114
MBS are now at the weakest levels of the day, down 6 ticks (.19) overall and an eighth of a point from the highs. Negative reprices aren't especially likely for the average lender, but the possibility can no longer be ruled out for the jumpiest lenders.
10yr yields are still below their intraday highs, up 4.6bps on the day at 4.111.