Worldwide Bond Market in Reprice Mode Fri
, Mar 20 2026, 5:21 PM
International Bond Market in Reprice Mode
Around here, “reprice” typically describes mid-day rate modifications from mortgage lending institutions, however occasionally, a broad view repricing occurs in the bond market. That’s what’s going on in March and particularly over the last 2.5 days. Wednesday’s Fed remarks and Thursday’s ECB/BOE remarks verified that there’s a flooring under short-term rates for a huge bulk of the world’s reserve currency holdings, which hikes are rapidly changing cuts as the next most likely relocation (September Fed meeting went from 0% walking chance to more than 25% in less than 2 days). Trading and investment strategies of a bulk of the world’s investible capital was placed for a totally different reality before the Iran war. Now it is rearranging … repricing for brand-new realities.
09:46 AM
Greatly weaker over night with additional offering all early morning. MBS down over half a point and 10yr up 7.8 bps at 4.327.
01:37 PM
MBS down half a point and 10yr up 11.4 bps at 4.364
Download our mobile app to get signals for MBS Commentary and streaming MBS and Treasury prices.