From Matthew Graham at Mortgage News Daily: MBS RECAP: Decent Showing For Bonds Despite Strong Data
The rising rate trend of 2021 is increasingly being called into question–even if only temporarily–due to the inability of 10yr yields to quickly break above 1.75%. That said, at levels of 1.72-1.74% so far this morning, it’s definitely not time to celebrate just yet. … [30 year fixed 3.38%]
• At 8:00 AM ET, Corelogic House Price index for February.
• At 10:00 AM, Job Openings and Labor Turnover Survey for February from the BLS.