The UST10-Year yield is at 2.492% this morning after closing at 2.479% Friday.
This morning, U.S. Treasury yields opened lower as a result of geopolitical concerns after North Korea fired four ballistic missiles into the waters off its east coast, with 3 missiles landing in Japan’s exclusive economic zone. Tension in the upcoming French Presidential election and lower than expected growth outlook for China have helped push demand for U.S. safe-haven investments and drove bond prices higher in the opening session for the first time in 6 days.
In economic releases, new factory orders increased 1.20% ($5.50 Billion) in January to $470.20 Billion vs. 1.30% growth the month prior. Orders for durable goods, items forecasted to last a minimum of 3 years, increased for the first time in 2 months by 2.00% to $230.70 Billion vs. a 1.80% growth previously. Durable goods, ex transportation remained unchanged for the month of January. Lastly, orders for non-defense capital goods excluding aircraft dropped by 0.10% vs. a 0.40% drop the previous month and shipments dropped 0.40% vs. 0.60% previously.
This information is provided solely for informational use and is not intended as trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not a licensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice
This morning, U.S. Treasury yields opened lower as a result of geopolitical concerns after North Korea fired four ballistic missiles into the waters off its east coast, with 3 missiles landing in Japan’s exclusive economic zone. Tension in the upcoming French Presidential election and lower than expected growth outlook for China have helped push demand for U.S. safe-haven investments and drove bond prices higher in the opening session for the first time in 6 days.
In economic releases, new factory orders increased 1.20% ($5.50 Billion) in January to $470.20 Billion vs. 1.30% growth the month prior. Orders for durable goods, items forecasted to last a minimum of 3 years, increased for the first time in 2 months by 2.00% to $230.70 Billion vs. a 1.80% growth previously. Durable goods, ex transportation remained unchanged for the month of January. Lastly, orders for non-defense capital goods excluding aircraft dropped by 0.10% vs. a 0.40% drop the previous month and shipments dropped 0.40% vs. 0.60% previously.
The curve has bear-steepened with the UST 10-Year 1.3 bps up from prior closing.