Posted To: MBS Commentary

Thursday Curse Continues But It Was Still a Good Day for Bonds Although bonds won't be able to say they broke 2021's perfect record of selling on Thursdays (based on the 3pm CME close… there's a bit of time left before the 5pm close), it was a decent day nonetheless. In fact, it could have been much worse after the weak 7yr Treasury auction. Rates rose in response, but not as much as they might have. 10yr yields are trading near the 1.62% technical level this afternoon–much better than the 1.7+ levels seen this time last week. Today's video discusses whether this is enough strength to confirm a shift in the prevailing rising rate trend. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Jobless Claims 684k vs 730k f'cast, 781k prev Q4 Final GDP 4.3 vs 4.1 f'cast…(read more)

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Source: Mortgage News Daily