Real Estate
Home›Real Estate›Economy›Treasury yields hold near 1-month highs as oil tracks…
Treasury yields hold near 1-month highs as oil tracks war headlines
The 10-year yield finished around 4.56% after briefly topping just above 4.59%, while MBS prices fell modestly on weaker trading tied to ceasefire news.
U.S. bond markets ended the session near their highest levels in more than a month, with the 10-year Treasury yield moving to about 4.56% after trading briefly just above 4.59% near midday, according to Mortgage News Daily.
Mortgage News Daily said oil prices and Treasury yields stayed closely correlated, with war-related headlines again driving the tone. It pointed to a Trump comment saying the ceasefire was cancelled or over, noting it can be difficult to distinguish between tough talk and real shifts in policy and military activity around the time of the MOU.
In related trading, Mortgage News Daily reported mortgage-backed securities (MBS) were down 3 ticks, about 0.09, with the 10-year yield around 4.561 during the late morning window. Later in the day, MBS were down 6 ticks, about 0.19, and the 10-year yield was up 2.5 basis points to 4.577.
The outlet also said there was no major reaction tied to a 10-year auction, even as the overall level of yields remained supported near the session highs.