Both yesterday and today have been the sort of days that just haven't mattered in the slightest for bond markets. Yesterday was spent consolidating the losses seen through the end of last week.  Today saw a similar consolidation, despite trading levels finishing slightly stronger compared to yesterday's close.  Before getting too excited about that, consider that today's 3pm CME closing levels were still higher than Friday's.

We're left with the impression that trader exhaustion has set in after a busy end to the previous month.  Given the timing of Columbus Day this year (this weekend), we might even be waiting until next Tuesday for anything truly interesting to happen.  But opportunities for market movement improve with tomorrow's economic data (ADP employment at 815am ET and ISM Non-Manufacturing at 10am).

MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
FNMA 3.5
103-06 : +0-03
10 YR
2.3211 : -0.0159
Pricing as of 10/3/17 4:36PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
10:22AM  :  Pushing Back Into Positive Territory After Weaker Open

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Nathan Miller  :  "just an .125 from yest"
Victor Burek  :  "do us all a favor, take class tomorrow too"
Timothy Baron  :  "How much pricing improvements are you all seeing today? I'm in CE all day. So glad it's not a red day!"