Lenders who priced after 10am are now seeing at least an eighth of a point of weakness in 5.0 UMBS. As such, the jumpier lenders in that crowd could be considering a negative reprice. 10yr yields are up 4.8bps at 4.165
weaker overnight with a modest recovery early. MBS down 1 tick (.03) and 10yr up 2.6bps at 4.143
Gradually weaker and now at the weakest levels of the day. MBS down 6 ticks (.19) and 10yr up 4.6bps at 4.164
Lenders who priced after 10am are now seeing at least an eighth of a point of weakness in 5.0 UMBS. As such, the jumpier lenders in that crowd could be considering a negative reprice. 10yr yields are up 4.8bps at 4.165