Bonds are starting the day in moderately weaker territory.  In so doing, 10yr yields are rejecting the opportunity to break below the 1.30% technical level.  Notably, they rose above 1.30% just before the 3pm close yesterday (the time of day that holds the most weight for technical analysts in day-over-day terms). It remains to be seen how much 1.30% matters.  It's been more of a "center of gravity" for a sideways range recently as opposed to a true pivot point (unlike July).  Coincidentally, 1.30% currently lines up with the bottom of the consolidation pattern, and in that regard, the bounce is much more relevant.

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MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
UMBS 2.0
101-10 : -0-04
10 YR
1.3225 : +0.0225
Pricing as of 9/10/21 9:26AMEST

Tomorrow's Economic Calendar
Time Event Period Forecast Prior
Friday, Sep 10
8:30 Core Producer Prices YY (%)* Aug 6.6 6.2
8:30 Producer Prices (%) Aug 0.6 1.0
8:30 Core Producer Prices MM (%)* Aug 0.5 1.0
10:00 Wholesale inventories mm (%) Jul 0.6 0.6