Bonds were roughly unchanged to slightly stronger in the overnight session with minimal volatility after the close yesterday. The econ data is mixed. Although the 213k Jobless Claims headline is unfriendly to rates, all other things being equal, it is offset by another long-term high in continued claims. To a lesser extent, the miss in Philly Fed is also possibly a bit helpful.
MBS are still up 2 ticks (.06) and 10yr yields are down roughly half a bp at 4.399
Bonds were roughly unchanged to slightly stronger in the overnight session with minimal volatility after the close yesterday. The econ data is mixed. Although the 213k Jobless Claims headline is unfriendly to rates, all other things being equal, it is offset by another long-term high in continued claims. To a lesser extent, the miss in Philly Fed is also possibly a bit helpful.
MBS are still up 2 ticks (.06) and 10yr yields are down roughly half a bp at 4.399