Slightly weaker after PPI data. MBS unchanged after being up a few ticks and 10yr up .8bps at 4.207
additional weakness with oil prices spiking. 10yr up 2.8bps at 4.227 and MBS down more than an eighth of a point
modestly stronger after Fed announcement. MBS still down 3 ticks (.09) and 10yr up 1.5bps at 4.214
If anything, bonds are slightly stronger than before the announcement, but volume and volatility are insanely low for a Fed day (this morning's PPI/Oil trade was much bigger). Dots were little-changed.
MBS are down 3 ticks (.09) but rising. 10yr up 1.4bps at 4.213 but falling.