It wouldn't be the first time and probably won't be the last that the bond market finds itself in a lull during a week that separates the most significant top tier economic data. Last Friday's NFP swung for the fences (in a bad way for rates), but it's not game over unless next week's CPI proves to be a bash brother. Between one and the other, it's a great time to hit the concession stand. This isn't to say exciting things can't happen outside of NFP and CPI-type reports, only that there's nothing on the calendar of scheduled events that demands attention until Tuesday morning at 8:30am ET.
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- Jobless Claims
- 218k vs 220k f'cast, 227k prev
- Jobless Claims
Modestly weaker overnight with losses led by Europe. MBS down 5 ticks (.16) and 10yr up 2bps at 4.135
modestly weaker drift with MBS now down 7 ticks and 10yr yields up 4bps at 4.154
Very flat through mid morning hours. MBS down 5 ticks (.16) and 10yr up 4.5bps at 4.16%.
Slightly stronger 30yr bond auction and a decent reaction in Treasuries. 10yr now up only 2.7bps at 4.142. MBS down an eighth of a point.
MBS Market Alerts
