Trading volumes confirm that bonds are 100% back in action, but after this morning's selling pressure proved to be a head fake, that volume hasn't translated to any meaningful momentum. This isn't too hard to accept considering the absence of big-ticket econ data. Things change on Wednesday with the release of ADP, JOLTS, and ISM. This is our first chance to see some actual data-driven volatility in several weeks.
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- S&P Global Composite PMI (Dec)
- 52.7 vs 53.0 f'cast, 54.2 prev
- S&P Global Services PMI (Dec)
- 52.5 vs 52.9 f'cast, 54.1 prev
- S&P Global Composite PMI (Dec)
Modestly weaker overnight and sideways so far. MBS down 2 ticks and 10yr up 1.2bps at 4.176
Weakest levels of the day on defense spending comments. MBS down an eighth and 10yr up 2.4bps at 4.187
Bouncing back now. MBS unchanged and 10yr up 1.6bps at 4.179
Holding sideways near unchanged levels in MBS, currently down 1 tick (.03). 10yr yields up 1.1bps at 4.174
MBS Market Alerts
