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Stronger overnight, mostly in line with stock losses. Some additional gains on Fed's Williams' rate cut thoughts. MBS up just over an eighth and 10yr down 2.6bps at 4.059
Near weakest levels but still in positive territory. MBS up 3 ticks (.09) and 10yr down 1.2bps at 4.072
weakest levels. MBS unchanged and 10yr up 0.2bps at 4.085
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Bonds have been giving up gains in concert with a big bounce in stocks. 10yr yields are now unchanged at 4.085--the highest levels of the day.
MBS are also at lows. Despite being modestly stronger on the day, prices are down an eighth of a point from AM highs. As such, the jumpier lenders could be considering negative reprices.