Stocks and tsy yields are skyrocketing. For once in a blue moon, we see a good old-fashioned stock lever. 4.0's are taking the brunt of it, now down 17 ticks, with most of the drop occurring in the last 3 minutes. Price levels are nearing 99-20.
4.5's are only a tick worse than the last update, and it's likely many lenders are more focused on this and 5.0's as opposed to 4.0's. 4.5's are down 12 ticks to 101-05. 5.0's down 11 ticks to 102-05.
If you haven't yet seen reprices for the worse, those who carry rates in these low ranges may be paying your email a visit soon.