Overnight Treasury 10- year yields reached their highest levels in over a week before a government report should show orders for U.S. durable goods increased for a third month in a row. A sell-off in the German Bunds attracted investors away from the MBS market, adding to weak mid day trading levels. The bond market appears to be drifting, keeping rates somewhat stable over the past three days. We will see if we can keep this momentum through today with Jobless Claims and Durable Goods Orders due out this morning.
No comments:
Post a Comment