MBS & US Treasury Markets
10/8 3:00:21PM EST : Delayed Data

Bonds are losing ground and are now at the weakest levels of the day ahead of the Fed Minutes release. 

MBS are 1 tick lower (.03) lower on the day, but 5 ticks below the AM highs.  Some lenders published rates around the time of those highs and, as such, could be considering negative reprices.

10yr yields also just ticked into negative territory, but just barely. Bonds have generally been selling after the 10yr Treasury auction.

09:27 AM

modestly stronger overnight and holding so far.  MBS up 2 ticks (.06) and 10yr down 2.4bps at 4.103

12:01 PM

Near weaker levels.  MBS up 1 tick (.03) and 10yr down 0.9bps at 4.118

01:03 PM

No major reaction to middle-of-the-road auction.  10yr down 1bp at 4.117 and MBS up 1 tick (.03)

01:59 PM

MBS are 1 tick lower (.03) and 10yr yields are 0.4bps higher at 4.131

02:40 PM

Slight additional selling after Fed Minutes.  MBS down 3 ticks (.09) and 10yr up 0.6bps at 4.133