• Decent Data and Boomy Stocks Brought The Pain Last Week
  • Another round of auctions coming this week contributed as well
  • Negative Tsy sentiment from last week carries over as traders "make room" for potentially negative auction results and allocation adjustments
  • Nothing to mitigate the damage until hard data arrives. 
  • All we get is new home sales and TIPS auction today

The Week Ahead

2s vs. 5s: 155bps

2s vs. 10s: 268bps

5s vs. 10s: 113bps

 

NYMEX Crude: 68.29

Dollar Index: 78.52

VIX: 23.09

 

MBS, Tsy, and LIBOR Quotes