A steady rally in benchmark Treasury yields yesterday helped prices of mortgage backed securities move to five month highs which allowed lenders to keep mortgage rates near five month lows. The major event that took place in the rates market yesterday was the Treasury auction of $20 billion in 10 year...
One day ahead of the all-important Nonfarm Payrolls report for May, the focus is on speeches from Federal Reserve officials, overseas policy, and Treasury auctions. The weekly Jobless Claims report for the final week of May is expected to show 620,000 new filings for unemployment benefits. It’s...
Following a flurry of mixed U.S. data today, markets will be interested to see if the employment situation in the country has deteriorated further. Markets will be looking at Thursday's initial jobless claims for the week ending Sept. 27 to address whether the downward trend has slowed. Initial claims...