Further selling has been observed in the long end of the yield curve....pushing the 10 yr TSY note to an intraday high of 3.70%.
Two attempts to recover losses and return to status quo have FAILED and prices of rate sheet influential MBS coupons have made a new low of 99-24....
REPRICES FOR THE WORSE WILL OCCUR (unless you haven't received rate sheets yet in which case some lenders will bake the weakness into this AM's first rate sheet).
MBS Market Alerts
