Weaker overnight and no reaction to data. MBS down a quarter point and 10yr up 4.4bps at 4.375
Down 10 ticks (.31) on the day and 5 ticks (.16) from AM highs. 10yr up 4.5bps at 4.376
Weakest levels. MBS down more than 3/8ths and 10yr up 7bps at 4.399
More selling. MBS down 5/8ths and 10yr up 8.6bps at 4.417
MBS are now down 14 ticks (.44) on the day and roughly a quarter point from the AM highs. 10yr yields are up 7bps at 4.402.
There is no individual, precipitous market mover. Oil, stocks, and bonds have been trading Iran war escalation all morning.