MBS Live Day Ahead: Jobs Report And Election Hurting Bonds, But MBS Outperform

10yr yields already showed their lack of bullish conviction when it came time to challenge a floor at .72%.  If anything the message was that additional rally momentum would be hard to come by as yields vaulted back up to .79.  Today, they're showing more of a willingness to challenge overhead ceilings with yields already up to .83% after a stronger jobs report and updated vote counts in GA/PA.  Thankfully and almost unbelievably, MBS CONTINUE to outperform at a never-before-seen pace.