Posted To: MBS Commentary

The week gets off to a slow start without any significant data on tap for Monday or Tuesday. The Treasury auction cycle becomes more relevant on Wednesday with a record high dollar amount of 10yr notes hitting the market at 1pm ET. Earlier that morning, core consumer prices (inflation) are expected to come in at 2.3% for april after a 1.6% reading last month. This is a sign of the times as the uptick in inflation (the one the Fed hopes is “transitory”) is being seen on several fronts now, not the least of which being market-based inflation expectations at the highest levels in 8-10 years. With visible price surges in several sectors, it’s no surprise to see inflation expectations rising. The biggest question remains: how sustainable will this be and what sort of core inflation…(read more)

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Published On: May 10, 2021 / Categories: Mortgage News /

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