Rates Defeated by Data. Another Big Fight Next Week This week'sΒ recap is fairly straightforward.Β Rates were at the bottom of what was probably going to turn out to be a sideways range.Β Economic data was strong enough to remove any doubt of that range being broken.Β ISM on Wednesday and Jobs on Friday took turns pushing bond yields back up into the middle of June's exceptionally wide range.Β 10s ultimately moved up to 3.08+ and MBS lostΒ the better part of a point from last Friday.Β It's h...
Rates Defeated by Data. Another Big Fight Next Week This week'sΒ recap is fairly straightforward.Β Rates were at the bottom of what was probably going to turn out to be a sideways range.Β Economic data was strong enough to remove any doubt of that range being broken.Β ISM on Wednesday and Jobs on Friday took turns pushing bond yields back up into the middle of June's exceptionally wide range.Β 10s ultimately moved up to 3.08+ and MBS lostΒ the better part of a point from last Friday.Β It's h...