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Modest Recovery From Morning Weakness
Modest Recovery From Morning Weakness
Bonds were slightly weaker this morning in a move that looked like it might have been significant when compared to yesterday's narrow range. But in a just-barely-wider context, today's volatility was just as inconsequential as almost any of the days in December so far. With that, we'll continue to count down to next week's bigger-ticket data and more robust trader participation.
Moderately weaker overnight and sideways so far. MBS down an eighth and 10yr up 2.7bps at 4.135
bouncing back a bit. MBS down only 1 tick (.03) and 10yr up 1.2bps at 4.119
Still mostly sideways. MBS down 2 ticks (.06) and 10yr up 2.1bps at 4.128.
Modest Recovery From Morning Weakness
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Dec 31 | |||||
| 7:00AM | Dec/26 Mortgage Market Index | Dec/26 | 299.8 | ||
| 7:00AM | Dec/26 MBA Purchase Index | Dec/26 | 169.9 | ||
| 7:00AM | Dec/26 MBA Refi Index | Dec/26 | 1084.3 | ||
| 8:30AM | Dec/27 Jobless Claims (k) | Dec/27 | 220K | 214K | |
| 8:30AM | Dec/20 Continued Claims (k) | Dec/20 | 1923K | ||
| 10:30AM | Dec/26 Crude Oil Inventory (ml) | Dec/26 | 0.5M | 0.405M | |
| 2:00PM | New Year's Eve | ||||
| Thursday, Jan 01 | |||||
| 12:00AM | New Years Day | ||||
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