It was a forgettable trading day, but at least slightly stronger for the bond market. The only notable volume and volatility surrounded the 9:30am NYSE open. Apart from that, yields were basically flat at slightly stronger levels starting around 4am ET. Today's only meaningful order of business was to wait and see if anything came of a meeting between Trump and congressional leaders regarding the increasingly probably government shutdown. Initial reports from that meeting were not very promising at the close, but there was no market reaction.
Moderately stronger overnight, but giving up some gains. MBS up 1 tick (.03) and 10yr down 1.4bps at 4.159
Best levels of the day. MBS up 3 ticks (.09) and 10yr down 3.6bps at 4.137
Still near stronger levels at 3pm close. MBS up 3 ticks (.09) and 10yr down 2.7bps at 4.146
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