10yr Breaking Above 4.10% After Overnight weakness
The bond market has already shown an indifference to this week's econ data as a market mover (even though we expect that to change with tomorrow's jobs report). This morning, however, the trend continues with stronger jobless claims and a big uptick in labor costs failing to inspire a reaction. But there has been movement. A steady wave of overnight selling pushed 10yr yields more than 3bps higher, easily breaking above the 4.10% technical level. Attempting to clearly connect that move to underlying motivation is an imperfect science, yet again. Oil prices and yields continue to correlate, but yields rose faster on a relative basis.
Categories
Recent Posts

Slightly Weaker, But Much Stronger on The Week

Modest Uptick in Rates But Still Near 1-Month Lows

Mortgage Applications Aren't Ready to Rebound Just Yet

Building Permits Hold Steady Despite Slide in Housing Starts

Builder Confidence Hits Lowest Level Since 2012

Company Valuation, Equity, Friction Audit, Vendor Mgt., Borrower Communication Tools; Capital Markets

Et Tu, S&P PMI?

Tech Tanks and Bonds Pick Up The Slack

Another Nice Drop For Rates, Now Near 1-Month Lows

LO Performance, AI Governance, ARM, Non-QM Execution, U/W Tools; In-Person Events Into 2027
GET MORE INFORMATION


