No downward revisions to last month's decent retail sales readings and a much stronger than expected result for the current report...
This is putting clear and immediate upward pressure on yields with 10yr TSYs up almost 2 bps in the first few minutes (currently 4.058).
MBS are down a quick 2 ticks (.06).
Initial weakness after Retail Sales, but avoiding sharp selling. MBS unchanged and 10yr only up 1bp at 4.049
No downward revisions to last month's decent retail sales readings and a much stronger than expected result for the current report...
This is putting clear and immediate upward pressure on yields with 10yr TSYs up almost 2 bps in the first few minutes (currently 4.058).
MBS are down a quick 2 ticks (.06).