AM Gains Mostly Stick Around

AM Gains Mostly Stick Around Everything interesting about today occurred before 9am ET (several war-related headlines that prompted a sharp rally in bonds). The rest of the day was spent drifting mostly sideways. Stocks continued their surge to new all-time highs. Oil prices fell in concert with the bond rally, briefly dipping below $80/bbl.  Market Movement Recap 08:41 AM Modest overnight gains and then more buying on war headlines. MBS up over a quarter point and 10yr down 5.3bps at 4.262 01:03 PM MBS up 13 ticks (.41) and 10yr down 8bps at 4.237 04:26 PM little changed as the close approaches. MBS up 10 ticks (.31) and 10yr down 7.2bps at 4.244