Bonds traders are keeping options open, both literally and figuratively. Open interest in Treasury options increased to start the new week, but that's neither a surprise, nor particularly relevant for our purposes. We're more interested in the relatively flat performance to begin the new week. Granted, bonds lost a bit of ground versus Friday's latest levels, but managed to retain most of the day's gains. Today's trading was very flat after the initial pull-back, tacitly suggesting rates are open to suggestions from this week's data and events.
Bonds pushing back against overnight weakness at 8:20am CME open. Leveling off now with MBS down an eighth and 10yr up 2.4bps at 4.066.
perfectly flat all morning after initial rally. MBS down 3 ticks (.09) and 10yr yields up 4.4bps at 4.086.
MBS Market Alerts
