Very Little Offer Drama, However Next Week Could be Various

Very Little Offer Drama, But Next Week Might be Different

Fri, Jun 12 2026, 3:34 PM

Very Little Offer Drama, But Next Week Might be Different

Numerous headlines out of Iran pressed back on the idea that an initial peace deal was near the goal today. This resulted in modest upward pressure on yields for the very first a number of hours of the day. Then prior to 11am, Iran’s foreign minister said the media should not hypothesize which the offer has “never been closer.” Trump subsequently reposted that news. This sent oil prices back towards the day’s lows and assisted bonds recover most the ground lost previously this morning. Volatility was minimal in the bigger picture. We ‘d anticipate a much larger reaction to an official finalizing– something that might occur in a matter of days or continue to be punted indefinitely.

• • Consumer Sentiment (Jun)
    • 48.9 vs 46 f’cast, 44.8 prev
  • Belief: 1y Inflation (Jun)
    • 4.6% vs– f’cast, 4.8% prev
  • Sentiment: 5y Inflation (Jun)
    • 3.4% vs– f’cast, 3.9% prev
  • U Mich conditions (Jun)
    • 48.4 vs 46.2 f’cast, 45.8 prev

08:43 AM

Simply a hair weaker over night. MBS down 2 ticks (.06) and 10yr up 1.3 bps at 4.483

10:03 AM

Weakest levels. MBS down 6 ticks (.19 ). 10yr up 2.6 bps at 4.495

10:48 AM

MBS down a quarter point and 10yr up 3.5 bps at 4.503

01:00 PM

MBS down 2 ticks (.06) and 10yr up 1.4 bps at 4.482

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