Chris Munson
SVP and Managing Director US Sales and Operations
The Money House

Bonds Looking Increasingly Comfortable With Recent Gains

Bonds Looking Increasingly Comfortable With Recent Gains

Much like last Friday, the stock market provided adequate cover for bonds to give back a decent chunk of recent gains. And much like Friday, bonds opted to hold fairly steady. Granted, there was certainly weakness after the 9:30am NYSE open, but not as much as you might expect given that stocks retraced more than half of last Thursday's losses. Part of the explanation could be due to lower oil prices, both in the overnight session and then again following war-related headlines in the 2pm ET hour. 

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Bonds Looking Increasingly Comfortable With Recent Gains

MBS & Treasury Markets
UMBS 6.0
100.23
+0.13 
10YR TREASURY
4.877
+0.014 
11/8/2026 8:00PM EST
For those of you with rate sheet time stamps near 9:30am ET, there is already a modicum of negative reprice risk. MBS are down 6 ticks (.19) since then as the rebound in equities continues . 10yr yields are up only 1.5 bps on the day at 4.878 and MBS are down only 3 ticks (.09) in total.    READ MORE
Today's Mortgage Rates
30YR Fixed
7.18%
+0.01% 
15YR Fixed
6.83%
+0.00% 
11/9/2026
Last Thursday's stock market sell-off was a key factor in driving mortgage rates to the lowest levels in more than a month. More broadly, tech stock jitter have clearly correlated with multi-week trend toward lower rates that began in mid-October. As such, any time we see a pronounced bounce in stocks, we might be somewhat concerned about a similar bounce in rates. Stocks definitely bounced today with both the S&P and NASDAQ retracing more than half of the losses seen...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Nov 09
10:00AM Oct CB Employment Trends Index Oct 108.36 107.56
11:00AM Oct Consumer Inflation Expectations Oct 3.9% 3.9%
1:00PM 3-Year Note Auction 4.627% 4.932%
Tuesday, Nov 10
12:00AM Roll Date - UMBS 30YR
6:00AM Oct NFIB Business Optimism Index Oct 97.7 97.9
8:15AM ADP Employment Change Weekly 16.75K
8:30AM Oct y/y CORE CPI (%) Oct 2.8% 2.6%
8:30AM Oct m/m Headline CPI (%) Oct 0.3% 0.6%
8:30AM Oct m/m CORE CPI (%) Oct 0.2% 0.3%
8:30AM Oct y/y Headline CPI (%) Oct 3.9% 3.7%
11:00AM WASDE Report
12:00PM EIA Short-Term Energy Outlook
1:00PM 10-Year Note Auction 5.300%
Chris Munson
SVP and Managing Director US Sales and Operations
The Money House