Broker/Owner
Collaborative Capital
License:
NMLS# 278724
NMLS# 2385760

Stronger Start. It's Complicated

Stronger Start. It's Complicated

Tuesday morning joins a fairly long list of trading days where overnight bond market movement cannot be cleanly connected to news headlines or econ data. With yields having recently pushed up to multi-decade highs, and Fed policy expectations constantly shifting, this will be an ongoing phenomenon. Over the past several sessions, there's definitely been some organic buying in longer-term bonds (i.e. investors concluding 10yr yields around 5.3% represent a good entry point). The overnight rally followed a shift in Fed rate expectations. Oil prices correlated but the timing was off when it comes to the earlier rally. Over the last 2 hours, however, a spike in oil prices is indeed leading a bounce back toward higher yields. 

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Another Nice Round Trip

MBS & Treasury Markets
UMBS 6.0
98.38
+0.12 
10YR TREASURY
5.219
-0.024 
10/13/2026 10:25AM EST
Tuesday morning joins a fairly long list of trading days where overnight bond market movement cannot be cleanly connected to news headlines or econ data. With yields having recently pushed up to multi-decade highs, and Fed policy expectations constantly shifting, this will be an ongoing phenomenon. Over the past several sessions, there's definitely been some organic buying in longer-term bonds (i.e. investors concluding 10yr yields around 5.3% represent a good entry point). T...   READ MORE
Today's Mortgage Rates
30YR Fixed
7.46%
-0.02% 
15YR Fixed
7.14%
-0.01% 
10/13/2026
Even though the underlying bond market is in slightly weaker shape today, mortgage rates ended up trickling just a bit lower than yesterday's latest levels. This can happen on occasions when there is a strong rally late in the previous day. Mortgage lenders don't end up passing along all of that improvement in rate sheets and some of them decide to wait for the following day to make the adjustments.  In addition, this morning's slightly weaker bond market performance...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Tuesday, Oct 13
6:00AM Sep NFIB Business Optimism Index Sep 97.9 98 98.7
8:15AM ADP Employment Change Weekly 24.75K 23.75K
10:00AM Sep Existing home sales (ml) Sep 3.99M 3.95M 3.98M
2:00PM Sep Federal budget (bl) Sep $-29B $-167B
Wednesday, Oct 14
12:00AM Roll Date - UMBS 15YR, Ginnie Mae 15YR
7:00AM Oct/09 MBA Refi Index Oct/09 515.8
7:00AM Oct/09 MBA Purchase Index Oct/09 145.1
7:00AM Oct/09 Mortgage Market Index Oct/09 204.7
8:30AM Sep y/y Headline CPI (%) Sep 3.6% 3.4%
8:30AM Sep m/m Headline CPI (%) Sep 0.6% 0.4%
8:30AM Sep y/y CORE CPI (%) Sep 2.5% 2.4%
8:30AM Sep m/m CORE CPI (%) Sep 0.2% 0.3%
2:00PM Fed Beige Book
Broker/Owner
Collaborative Capital
License:
NMLS# 278724
NMLS# 2385760