MBS ALERT: Still Following Curve, But Where Is It Going?! (UPDATED 2:51 PM)

(Update 2:51 PM): Selling trend continues.  Dropping to ugly levels now.  Reprices for the worse a near certainty (end Update)

The trading range versus tsy's continues to be extremely tight since the noon hour.  However, tsy's have been hurtin' for certain since the 2pm hour.  MBS, of course, are in lock step.  Reprices for the worse are likely at faster acting lenders, and possible elsewhere.  Make sure you check current prices here to see if there have been any major changes since this post (4.5's at 99-12).