10yr yields closed just under 4.74 at the end of July and just over 4.75% today. That's the highest close since January 2025 which, at first glance, sounds pretty gloomy. But it's worth noting that several days have ended just a bp or two below today's levels. In other words, it was ultimately a small, incremental bump. Perhaps more importantly, it was not-at-all out of character with respect to the prevailing trend.
Market Movement Recap
09:33 AM
MBS down 6 ticks (.19) and 10yr up 4bps at 4.753
12:24 PM
MBS down 5 ticks (.16) and 10yr up 4.9 bps at 4.761
04:01 PM
MBS down 3 ticks (.09) and 10yr up 3.2bps at 4.744
MBS Market Alerts
