MBS & US Treasury Markets
8/28 10:47:12AM EST : Delayed Data

Warsh's speech is unequivocally hawkish at first glance and Fed Funds Futures are selling quickly.

MBS are down a quick eighth of a point. Negative reprice risk could already be increasing. 

09:04 AM

Sideways to slightly weaker. MBS down 1 tick (.03) and 10yr up 1bp at 4.68

10:18 AM

MBS down a quick eighth after Warsh speech and 10yr up 1.5bps at 4.686 (2yr up almost 7bps).