Prices finally eased back with the 10-year note yield rising from 1.85% last Friday to over 2.0% by mid-afternoon today as markets added risk on a break from adverse headlines out of Europe.

The result of the sell-off, of course, was a pickup in mortgage banker supply to a daily average of $1.9 billion, mostly 3.5s, from $1.7 billion last week.

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