Bonds Sticking to Uneventful Script
There was little to observe and even less to report on today’s bon market movement. Treasuries traded for a few hours in Asia before going quiet for more than 4 hours overnight due to the London market closure. Domestic traders were slightly better buyers despite another run to record highs in stocks. 10yr yields hit the 3pm close down just over 1bp (1.482). MBS were sideways at modestly stronger levels as well.
Econ Data / Events
Fed MBS Buying 10am, 11:30am, 1pm
Market Movement Recap
09:05 AM Very flat overnight. Low volume with London closed. 10yr down .7bps at 1.486 and 2.5 UMBS unchanged at 102.
12:52 PM Uneventful trading with earlier strength leveling off now. 10yr down 1.2bps at 1.48 and MBS just a hair better than unchanged.
03:22 PM No changes from the previous update. Excruciatingly low volume and volatility.