Bonds Looking Somewhat Optimistic Ahead of CPI
1 Hour, 41 Min ago
Bonds improved modestly on Tuesday which is actually a somewhat resilient/optimistic showing. The ongoing correlation with oil prices suggested less improvement (oil actually closed higher on the day). In addition, it’s usually less of a surprise to see bonds struggle to rally on the first half of an auction cycle week. Granted, a spicy CPI on Wednesday would easily push back against any optimistic narratives, but if the data is tame, perhaps we’re seeing hints that bonds would be more willing to respond than normal.
09:32 AM
MBS up an eighth and 10yr down 3bps at 4.68
01:03 PM
MBS still up an eighth. 10yr down 2.7bps at 4.682
03:45 PM
super sideways. MBS up 3 ticks (.09) and 10yr down 1.7bps at 4.692
Download our mobile app to get alerts for MBS Commentary and streaming MBS and Treasury prices.