Excellent Pointer That The Marketplace Gets to Choose What Matters
Tue, Might 26 2026, 3:32 PM
Good Pointer That The Marketplace Gets to Choose What Matters
If oil, Treasuries, stocks, and the rest of the marketplace were totally closed, and if we might just approximate the likely impact of the news that’s been available over the previous 3 days, it would be hard to make that case that bond yields must be any lower than they were on Friday. In reality, a few of the newswires (the ones citing different military clashes) may lead one to believe yields must be higher. However here we are with 10s down more than 6bps and MBS up nearly half a point simply after 3pm ET– a good tip that the marketplace gets to decide what to make of the readily available news.
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- Philly Fed Non Manufacturing
- Chicago Fed Activity Index
08:43 AM
Over night peace optimism gains holding. MBS up half a point and 10yr down 8bps at 4.482
11:02 AM
Off best levels. MBS up 3/8ths and 10yr down 5.6 bps at 4.502
02:45 PM
Modest healing. MBS up 14 ticks (.44) and 10yr down 6.1 bps at 4.498
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