2 way trading after CPI. MBS up 2 ticks (.06) and 10yr down 1.9bps at 4.947
Off best levels. MBS up 3 ticks (.09) after being up 3/8ths earlier this morning. 10yr still down 1.8bps at 4.947 but up from lows of 4.904.
MBS down 3 ticks (.09) and 10yr up half a bp at 4.97
If you haven't seen a negative reprice yet, odds are increasing. MBS just hit unchanged levels and are down more than 3/8ths from the highs and at least a quarter point from most lenders' rate sheet print times. 10yr yields are still down half a bp at 4.96 but that's up from lows of 4.904.
Selling has been slow and steady with little by way of new inspiration.