A hair stronger after being flat overnight. MBS up 2 ticks (.06) and 10yr yields are up nearly 1bp at 4.295
MBS up 2 ticks (.06) and 10yr down half a bp at 4.298
Weakest levels. MBS down nearly a quarter point and 10yr up 4.5bps at 4.349
Bouncing back a bit as previous headlines have been mostly retracted. MBS still down an eighth and 10yr up 1bp at 4.313
There were several headlines concerning Iran's leadership and negotiation team just now. We'll discuss those more in the recap in order to get this alert out more quickly.
Oil/stocks/bonds are all on the move. MBS are now down 2 ticks on the day, but over 5 tick (.16) from AM highs. Negative reprice risk is increasing moderately with jumpier lenders fairly likely to pull the trigger.