Nothing new to report apart from a continuation of the same beating that was already in progress.
What's going on?
EVERYONE WANTS CASH. No one wants to be illiquid or exposed to risk until further notice. MBS/Treasries also have elevated supply.
2.5 UMBS are down a point from this morning (100bps). 10yr yields are up to 1.147%.
Assume any lender will reprice if they haven't already and if they're not priced so far out of the market that you wouldn't lock with them anyway.