Here are a few excerpts from the Live Update section in the soon-to-be-released MBSonMND.  On the actual site, these come in with the most recent update at the top, but I inverted the order for this post to facilitate chronological reading since you're getting them all at the same time.

Moral of the story is that trends WERE converging.  The bearish trend won.  And now yields are continuing higher in line with that trend making reprices for the worse an ongoing possibility.  I marked up the 10yr chart referenced in the live update with the imaginary lines that are no longer, well, imaginery...