Negative reprice risk is ebbing quickly as bonds regain some footing. Powell just said the Fed would not be in any hurry to withdraw support. MBS have recovered 3 ticks (0.09) and 10yr yields are about 1bp off their highs. This isn't to say bonds are surging quickly into stronger territory, but neither are they struggling like they were 20 minutes ago.
Bouncing Back Now as Powell Continues Answering Questions
MBS / Treasury Market Data
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