Bonds Looking Increasingly Comfortable With Recent Gains
Mon, Nov 9 2026, 4:29 PM
MBS Recap
Bonds Looking Increasingly Comfortable With Recent Gains
MBS Recap Matthew Graham | 4:28 PM
Bonds Looking Increasingly Comfortable With Recent Gains
Much like last Friday, the stock market provided adequate cover for bonds to give back a decent chunk of recent gains. And much like Friday, bonds opted to hold fairly steady. Granted, there was certainly weakness after the 9:30am NYSE open, but not as much as you might expect given that stocks retraced more than half of last Thursday's losses. Part of the explanation could be due to lower oil prices, both in the overnight session and then again following war-related headlines in the 2pm ET hour.
11/9/26 - Yet again, bonds did better than their recently stock market correlation would suggest, potentially indicating bonds aren't looking for any excuses to move back toward higher yields. This doesn't mean they can't--simply that they're not uncomfortable with the pace and size of the recent rally. Risk tolerant clients who've been following the recent downtrend in rates found no reasons to second guess their strategy. Major additional progress continues to depend on deeper tech turmoil. Tomorrow's CPI also brings some potential data-driven volatility.
