Dale R. Packer, MBA
Owner/Broker
Great American Lending LLC
M: (801) 391-6566
GreatAmericanLending.us
3918 Badger Ct.
Heber City Utah 84032
License:
MLO-4493
Company-201546

Bonds Recovering a Bit After "Framework of a Deal" on Greenland

Thursday, January 22, 2026

Bonds Recovering a Bit After "Framework of a Deal" on Greenland

Geopolitics have been front and center for financial markets over the past 2 days with both stocks and bonds taking clear cues from newswires pertaining to tariff brinksmanship, trade deal negotiations, foreign wealth fund participation, and ultimately, the late-day announcement of a "framework of a deal" regarding Greenland. Details are in short supply, but the most important development being a pause on the plan to implement new tariffs on February 1st. Markets are cautiously trading this as a win for now with stocks and bonds at the best levels of the week, but definitely not back in line with last week's levels. 

Latest Video Analysis

Bonds Recovering a Bit After Framework of a Deal on Greenland

MBS & Treasury Markets
UMBS 5.0 99.97 +0.03 10YR 4.235% -0.006% 1/22/2026 4:43AM EST
Calmer Day so Far, But No Relief From Recent Rout
With mortgage rates right where they were 2 weeks ago, things could be worse. But after rising 20bps from last week's lows, things could also certainly be better.  A vast majority of recent volatility was seen at the start of the holiday-shortened week yesterday with a move that left no doubt as to the range breakout in 10yr yields. Geopolitical issues were the key driver and Japanese debt drama played a small supporting role. Now today, with Japanese bonds recovering a ...   READ MORE
Alert:
Down by Just Over an Eighth From Highs
MBS Morning:
Bonds Brace For Greenland Fallout. Japan Not Helping Either
Today's Mortgage Rates
30YR Fixed 6.20% -0.01% 15YR Fixed 5.76% +0.01% 1/21/2026
Mortgage Rates Sideways to Slightly Lower
Markets held more sideways overnight as traders awaited further geopolitical developments today surrounding Greenland. Both stocks and bonds lost ground yesterday on the threat of additional tariffs (and counter-tariffs) as well as decreased participation in the US bond market from foreign wealth funds.  When bonds lose ground, rates move higher.  Bond market improvement was tentative earlier in the day but more noticeable in the afternoon when Trump announced "...   READ MORE
Last Week This Week Next Week
Economic Calendar
Time Event Period Actual Forecast Prior
Thursday, Jan 22
8:30AM Q3 GDP Final Sales (%) Q3 4.6% 7.5%
8:30AM Q3 PCE Prices (Q/Q) Q3 2.8% 2.1%
8:30AM Q3 GDP (%) Q3 4.3% 3.8%
8:30AM Jan/10 Continued Claims (k) Jan/10 1884K
8:30AM Jan/17 Jobless Claims (k) Jan/17 212K 198K
10:00AM Oct Core PCE (y/y) (%) Oct 2.7% 2.8%
10:00AM Oct Core PCE (m/m) (%) Oct 0.2% 0.2%
10:00AM Oct PCE (y/y) (%) Oct 2.8%
10:00AM Oct PCE prices (m/m) (%) Oct 0.2% 0.3%
10:00AM Nov Core PCE (y/y) (%) Nov 2.8%
12:00PM Jan/16 Crude Oil Inventory (ml) Jan/16 1.1M 3.391M
1:00PM 10-yr Note Auction (bl) 21
Friday, Jan 23
9:45AM Jan S&P Global Services PMI Jan 52.8 52.5
9:45AM Jan S&P Global Manuf. PMI Jan 52.1 51.8
9:45AM Jan S&P Global Composite PMI Jan 52.7
10:00AM Jan Consumer Sentiment (ip) Jan 54.0 52.9
10:00AM Jan Sentiment: 1y Inflation (%) Jan 4.2% 4.2%
10:00AM Jan Sentiment: 5y Inflation (%) Jan 3.4% 3.2%
10:00AM Jan U Mich conditions Jan 52.4 50.4
Recent Housing News
Read My Latest Newsletter
Mortgage Rates Actually Moved a Bit Higher This Week, But Remain Near Multi-Year Lows
1/16/2026 3:59PM
First things first: if we take the last 5 days out of the equation, today's mortgage rates are still the lowest since early 2023. But they spent most of those last 5 days moving up from even lower levels. The changes are small in the big picture, but the distinction is important considering widespread reporting based on Freddie Mac's weekly rate survey. Freddie's data comes out on Thursdays and... READ MORE
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Dale R. Packer, MBA
Owner/Broker
Great American Lending LLC
M: (801) 391-6566
GreatAmericanLending.us
3918 Badger Ct.
Heber City Utah 84032
License:
MLO-4493
Company-201546
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