Little changed from stronger overnight levels after data. MBS are up just over an eighth and 10yr yields are down 3bps at 4.345
resilience into late AM hours. 10yr down 4bps at 4.335 and MBS up an eighth
10yr yields still down 1.6 bps at 4.359, but at highs of day. MBS are still up 2 ticks (.06), but at the lows of the day.
weakest levels. MBS unchanged and 10yr down only half a bp at 4.369
Bonds continue to slide amid month-end positioning. MBS are now unchanged on the day and down 6 ticks (.19) from the highs. Lenders are increasingly likely to be considering negative reprices here. In any event, if you were planning on locking before the jobs report, there's zero reason to wait now.