STOP. LOOK. LISTEN.

This just became the single biggest day of bond market weakness since November 9 2016 (day after election). 

Even if you've already seen negative reprices, it's not unwise to expect more could be on the way.  This is a very serious move and all but confirms a bigger-picture shift is, at the very least, possible, if not likely.

Fannie 3.0 MBS getting close to .75 lower on the day and half a point since rate sheets.  10yr yields up 13.4bps at 1.964.