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Modestly stronger overnight and no major reaction to Durable Goods. MBS up 2 ticks (.06) and 10yr down half a bp at 4.209.
giving up gains after NYSE Open. MBS up only 1 tick (.03) and 10yr down .6bps at 4.207
10yr up 0.4bps at 4.217. MBS down 5 ticks (.16) from highs, but still near unchanged levels.
New lows for MBS, down just under an eighth on the day and exactly a quarter point from the highs. 10yr up 1.3bps at 4.226
More new lows for MBS, now down 5 ticks (.16) on the day and 10 ticks (.31) from the highs. 10yr yields are up 2.8bps at 4.241
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MBS are now down 5 ticks (.16) on the day and 10 ticks (.31) from AM highs. Lenders who have not yet repriced for the worse are increasingly likely to be considering it.
10yr yields are up 3bps at 4.243. There is no catalyst for this move other than pre-weekend position-squaring and the absence of any tailwind from European trading.