Bonds Scratch Out a Win Amid Dueling Headlines
Fri, May 22 2026, 3:05 PM
Bonds Scratch Out a Win Amid Dueling Headlines
Bonds remain surprisingly going to respond to the most seemingly insignificant war-related headlines. Today it was the much-debated geographical location of Pakistan’s lead arbitrator, Asim Munir, that set the tone. Bonds rallied on early accounts that he was en path to Tehran and pulled back when other headlines recommended he never ever left Pakistan. Ultimately, yields trickled just hardly into positive territory by the end of the holiday-shortened session. Monday is fully closed for Memorial Day and we’re back to seeing the news feed upon Tuesday.
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- CB Leading Index Mama (Apr)
- 0.1% vs -0.2% f’cast, -0.6% prev
- Customer Belief (May)
- 44.8 vs 48.2 f’cast, 49.8 prev
- Belief: 1y Inflation (May)
- 4.8% vs 4.5% f’cast, 4.7% prev
- Sentiment: 5y Inflation (May)
- 3.9% vs 3.4% f’cast, 3.5% prev
- U Mich conditions (May)
- 45.8 vs 47.9 f’cast, 52.5 prev
- CB Leading Index Mama (Apr)
08:41 AM
Decently more powerful overnight with some additional gains after early peace talk headings. MBS up an eighth and 10yr down 2.2 bps at 4.547
10:09 AM
MBS now up only 1 tick (.03) and down 7 ticks (.22) from the AM highs. 10yr up 0.4 bps at 4.572 after briefly trading below 4.53.
12:48 PM
After being down almost an eighth, MBS are back to being up 1 tick (.03) and 10yr yields back to unchanged after having to do with 1bp greater.
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