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Slightly weaker overnight, then stronger on geopolitical headlines. MBS up 2 ticks (.06) and 10yr down 1.7bps at 4.177
At the lows of the day with MBS now unchanged and 10yr up 1.2bps at 4.206
Modest recover into 1pm hour, but back near same lows now. MBS down 3 ticks (.09) and 10yr up 1.9bps at 4.213
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Selling has continued fairly steadily, but at a slow pace following the JOLTS data. MBS are now down 2 ticks (.06) on the day and just over an eighth of a point from the AM highs (which coincided with some lenders' rate sheet print times). As such, some of the jumpier lenders could be considering negative reprices.
10yr yields are now up 2bps at domestic session highs of 4.214.