MBS & US Treasury Markets
7/7 11:54:03AM EST : Delayed Data

Bonds are selling off following another oil price spike after another tanker was hit by "something" (this time, a UAV) in The Strait. 10yr yields are up 5bps at 4.52.  

MBS are down just over an eighth from rate sheet print times, and over a quarter point on the day. Negative reprices are an early consideration for lenders who priced in line with yesterday's levels. 

08:36 AM

Modestly weaker overnight with some pressure from Amazon bond announcement. 10yr up 1.8bps at 4.488 and MBS down 3 ticks (.09). 

09:59 AM

More selling (some related to 9:30am NYSE open and some due to Hormuz news). 10yr up 3.8bps at 4.508 and MBS down a quarter point.