Treasury weakness has continued from the time of the last alert as a procedural hurdle to avoid the government shutdown has been cleared.
10yr yields are now up more than 2bps to 2.362 and Fannie 3.5 MBS are down 1 tick on the day (3/32nds from some lenders' rate sheet print times) to 102-28). Some lenders may be spooked enough by this movement to consider negative reprices now. Others may begin to consider reprices if we lose another tick or two.