Modestly weaker at the open, but holding ground after ISM. 10yr up 1.7bps at 5.296. MBS down 1 tick (.03).
weakest levels. no new reasons. MBS down 10 ticks (.31) and 10yr up 5.5bps at 5.334
Off the weakest levels, but again, not for any particular reason. MBS down a quarter point and 10yr up 3bps at 5.309
Bonds are at their weakest levels with 10yr yields up 5bps and MBS down more than a quarter point. Any lender out with rates before 10:30am ET is already seeing at least an eighth of a point of weakness. As such, the jumpier lenders could already be considering negative reprices.