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Bond trading stays subdued as the economic calendar goes quiet
With no major economic releases scheduled, bond moves appear largely tied to war-related headlines and relatively steady oil prices.
Mortgage News Daily reports that the latest week has shown a close connection between bond yields and oil prices, with oil largely flat versus the prior day.
The outlet says that with nothing significant on the economic calendar, traders have fewer traditional catalysts to focus on, so potential market impact is more likely to come from war-related headlines and oil price action.
Mortgage News Daily also noted that bonds have at times hesitated to track oil prices lower, and it flagged a faint sign of that disconnect in early trading.