Broker NMLS #1930964
Aspire Mortgage Solutions LLC NMLS #2481498
License:
2481498
1930964
MBS & US Treasury Markets
7/18 8:07:47AM EST : Delayed Data

Just because an economic calendar is full doesn't mean it's of any major importance to the bond market.  Today fits the bill with the two economic headliners being Housing Starts and Industrial Production.  Both have already come and gone without any reaction.  The market has been more interested in trading a single comment from Fed's Waller, who said the time to cut rates is getting closer based on the most likely policy scenario.  Yes, that's a bit cryptic, but he basically described 3 bowls of porridge and then said the warm one was the most likely.  Bonds rallied for a moment and then went back to the prevailing trend from the overnight session.

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Broker NMLS #1930964
Aspire Mortgage Solutions LLC NMLS #2481498
License:
2481498
1930964