In another straightforward trading session, bonds responded logically to a trio of upbeat economic reports in the morning slot. None of the data was top tier in terms of relevance to bonds, but it was relevant enough to move the needle. Refreshingly though, 10yr yields treated 4.19% as a support level, which was the lowest possible pivot point after rising above 4.15%. This doesn't guarantee it will continue to hold, but it does suggest the bond market isn't in a rush to sell off without justification.
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- Continued Claims (Sep)/13
- 1,926K vs 1930K f'cast, 1920K prev
- Core CapEx (Aug)
- 0.6% vs -0.1% f'cast, 1.1% prev
- Core PCE Prices QoQ FinalQ2
- 2.60% vs 2.5% f'cast, 3.5% prev
- Durable goods (Aug)
- 2.9% vs -0.5% f'cast, -2.8% prev
- GDPQ2
- 3.8% vs 3.3% f'cast, -0.5% prev
- GDP deflatorQ2
- 2.1% vs 2% f'cast, 3.8% prev
- GDP Final SalesQ2
- 7.5% vs 6.8% f'cast, -3.1% prev
- Jobless Claims (Sep)/20
- 218K vs 235K f'cast, 231K prev
- Continued Claims (Sep)/13
Sideways to slightly weaker overnight with additional selling after data. MBS down 6 ticks (.19) and 10yr up 3.7bps at 4.186
Near weaker levels. MBS down 7 ticks (.22) and 10yr up 4.5bps at 4.194
No reaction to 7yr auction. MBS down 5 ticks (.16) and 10yr up 2.9bps at 4.178
Still mostly sideways. MBS down 5 ticks (.16) and 10yr up 2.1bps at 4.17
MBS Market Alerts
