On any given day in the bond market, Sometimes everything that's going to happen ends up happening in the morning, thus leaving the rest of the day to drift almost perfectly sideways. Thursday was one of those days. Overseas markets dogpiled on Wednesday afternoon's tariff reaction, sending stocks ripping lower and bond yields following. By the time US markets began active trading, most of the gains were in for bonds. MBS, specifically, barely budged from 11:40am through the close.
Econ Data / Events
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- Jobless Claims
- 219k vs 225k f'cast, 225k prev
- Continued Claims
- 1.903m vs 1.860m f'cast, 1.847m prev
- ISM Services
- 50.8 vs 53.0 f'cast, 53.5 prev
- ISM Employment
- 46.2 vs 53.9 prev
- ISM Prices
- 60.9 vs 62.6 prev
- Jobless Claims
Market Movement Recap
08:35 AM
Stronger overnight as tariff rally extends. MBS up a quarter point and 10yr down 8bps at 4.044
01:01 PM
Sideways near highs. MBS up 9 ticks (.28) and 01yr down 7.5bps at 4.048
04:17 PM
Still sideways! MBS up 10 ticks (.31) and 10yr down 8.3bps at 4.041
MBS Market Alerts
