Despite a few inconsequential ups and downs, bonds ultimately traded with forgettable, sideways momentum this week. Friday did nothing to change that--especially after mid-day gains courtesy of optimism surrounding over-the-weekend trade talks between the U.S. and the EU. The gains corresponded with the news headlines about the U.S./EU meeting and bonds held steadily sideways after that. The incoming week is completely different in terms of calendar-based volatility potential. There are relevant events on every single day culminating with "peak relevance" in the form of Friday's big jobs report.
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- Durable Goods
- -9.3 vs -10.8 f'cast, 16.5 prev
- Core Durable Goods
- -0.7 vs +0.2 f'cast, 2.0 prev
- Durable Goods
Moderately weaker overnight and sideways to slightly stronger in the first few hours. MBS only down 1 tick (.03) and 10yr up 1.1bps at 4.409
Solid gains starting just after noon E.T. on US/EU trade talks set for Sunday. MBS now unchanged and 10yr down 1.4bps at 4.383
Mostly holding gains into the close. MBS up 1 tick (.03) and 10yr down 1.1bps at 4.387
MBS Market Alerts
