Afternoon Weak Point in Bonds Despite Lower Oil Rates. Will CPI Matter?
Tue, Mar 10 2026, 4:21 PM
Afternoon Weakness in Bonds Regardless Of Lower Oil Rates. Will CPI Matter?
Days like today are a problem for a “set it and forget it” mentality when it concerns energy rates and the bond market. On numerous occasions given that the beginning of last week, the connection in between oil costs and bond yields has actually been plain to see. Additionally, oil price volatility has actually been the only way to describe much of the motion in bonds. Now this afternoon, bond yields broke greater despite no clear hints from oil. We are left to lean on things like a weak 3yr Treasury auction and basic supply pressures surrounding a big business bond released by Amazon. Tomorrow brings CPI– generally a pertinent market mover, but not likely to bring as much weight given the present backdrop.
08:56 AM
Weaker over night vs Monday’s late-day rally levels. More powerful vs 3pm close. 10yr at 4.124. MBS down 19bps from 5pm, but up a few bps vs 3pm.
09:54 AM
MBS down 5 ticks (.16) on the day and 10yr up 2.5 bps at 4.12
12:17 PM
MBS down 3 ticks (.09) and 10yr up 1.6 bps at 4.112
03:22 PM
MBS down 7 ticks (.22) and 10yr up 4.6 bps at 4.142
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