10yr yields have inched into negative territory, up half a bp at 4.183 but not any higher than they were at the day's previous highs.
MBS have sold more steadily and are now at the lows of the day. While prices are technically higher due to monthly settlement, 5.0 coupons are down more than an eighth of a point from the AM highs.
That said, if your rate sheet is worse than yesterday's, reprice risk may be limited. If it's stronger than yesterday, reprices are possible.
Stronger after CPI data. MBS up just over a quarter point and 10yr down 1.6bps at 4.16
10:50 AM
Choppy after initial rally but still slightly stronger. MBS up 5 ticks (.16) and 10yr down half a bp at 4.173
01:15 PM
30yr auction 4.825 vs 4.833 f'cast. Bid to cover 2.42 vs 2.38 avg. No major reaction. 10yr down 1.1bps at 4.167 and MBS off weakest levels, up 5 ticks (.16) on the day.
10yr yields have inched into negative territory, up half a bp at 4.183 but not any higher than they were at the day's previous highs.
MBS have sold more steadily and are now at the lows of the day. While prices are technically higher due to monthly settlement, 5.0 coupons are down more than an eighth of a point from the AM highs.
That said, if your rate sheet is worse than yesterday's, reprice risk may be limited. If it's stronger than yesterday, reprices are possible.