Some Volatility Surrounding Headlines, But Very Little Modification
Fri, Might 1 2026, 3:27 PM
Some Volatility Surrounding Headlines, However Very Little Change
Bonds started the day approximately flat before losing ground decently into the 9am hour as markets mis-read headings relating to new peace proposals submitted by Iran. But right before 10am, comparable headings resurfaced consisting of the claim that Iran’s brand-new proposition made concessions concerning Iran’s nuclear aspirations. This accounted for a speedy move into favorable area that was only partly reversed after Trump stated he wasn’t pleased with the latest proposition regardless of acknowledging development in the peace talks. The net effect is a bond market that is roughly unchanged heading into the 3pm CME close. As has actually held true, any major progress toward peace over the weekend (or any major escalation) could lead to trading levels being dramatically various on Monday early morning.
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- ISM Manufacturing Employment (Apr)
- 46.4 vs 49 f’cast, 48.7 prev
- ISM Production PMI (Apr)
- 52.7 vs 53 f’cast, 52.7 prev
- ISM Mfg Costs Paid (Apr)
- 84.6 vs 80 f’cast, 78.3 prev
- ISM Manufacturing Employment (Apr)
09:00 AM
Modestly weaker over night. MBS down a 8th and 10yr up 2bps at 4.39
10:05 AM
Rallying after ISM information. MBS back near unchanged levels and 10yr down half a bp at 4.364
10:54 AM
Quiting roughly half the gains now. MBS down 2 ticks (.06) and 10yr simply a hair over unchanged at 4.373
02:29 PM
Flat in the PM hours so far. MBS down 3 ticks (.09) and 10yr up less than 1bp at 4.379
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