From a calendar standpoint, the most notable thing about the week ahead is that it's the final week of the month/quarter.  This usually means we'll see at least some trading happening for reasons that have nothing to do with data, events and headlines (read more about "month-end" trading).  Thursday and Friday have the biggest potential for volatility in that regard.

There will actually be plenty of economic data to digest.  It's just that most of it has to do with the housing market, and typically doesn't pack the same sort of punch as the reports that moved markets last week.  Incidentally, the exceptions also show up on Thursday and Friday (GDP, PCE inflation, Consumer Sentiment).

From a technical standpoint, bonds are in the process of deciding if they have any right to continue trading in recently acquired territory.  At the very least, the overnight session suggests yields are far from panicked about where they ended up on Friday.  The nearest overhead ceiling for 10yr Treasuries is at 2.47%.  Holding there or below would be tremendous validation for last week's move.  We could continue to entertain bigger picture strength even if one of the other two ceilings holds from the chart below (2.55 or 2.62).  

2019-3-25 open


MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS
FNMA 3.5
101-11 : -0-01
Treasuries
10 YR
2.4460 : -0.0090
Pricing as of 3/25/19 9:36AMEST

Tomorrow's Economic Calendar
Time Event Period Forecast Prior
Tuesday, Mar 26
8:30 Build permits: change mm (%)* Feb -0.7
8:30 Housing starts number mm (ml)* Feb 1.215 1.230
8:30 House starts mm: change (%) Feb 18.6
8:30 Building permits: number (ml)* Feb 1.300 1.317
9:00 Monthly Home Price yy (%) Jan 5.6
9:00 CaseShiller 20 mm SA (%) Jan 0.3 0.2
9:00 Monthly Home Price mm (%) Jan 0.3
10:00 Consumer confidence * Mar 132.0 131.4
13:00 2-Yr Note Auction (bl) 40
Wednesday, Mar 27
7:00 MBA Purchase Index w/e 251.5
7:00 Mortgage Refinance Index w/e 1146.8
13:00 5-Yr Note Auction (bl)* 41
Thursday, Mar 28
8:30 GDP Final (%) Q4 2.4 2.6
8:30 Jobless Claims (k) w/e 225 221
8:30 Continued jobless claims (ml) w/e 1.750 1.750
10:00 Pending Home Sales (%) Feb 0.7 4.6
10:00 Pending Sales Index Feb 103.2
13:00 7-Yr Note Auction (bl)* 32
Friday, Mar 29
8:30 Personal Income (%)* Feb 0.3 -0.1
8:30 Consumer Spending (Consumption) (%) Jan 0.3 -0.5
8:30 Core PCE Inflation (y/y) (%)* Jan 1.9 1.9
9:45 Chicago PMI * Mar 61.0 64.7
10:00 Consumer Sentiment (ip) Mar 97.8 97.8
10:00 Consumer Inflation Expectations (1yr) (%) Mar 2.4
10:00 Consumer Inflation Expectations (5yr) (%) Mar 2.5
10:00 New home sales chg mm (%)* Feb 1.3 -6.9
10:00 New home sales-units mm (ml)* Feb 0.620 0.607