Treasuries are nearly unchanged across the curve this morning from yesterday’s close. The UST10-Year yield is currently at 2.257% after closing at 2.260% prior.
This morning we received the June Housing Starts and Building Permits data, which both came in stronger than expected. Housing Starts rose 8.30% to 1215k versus an expected 6.20% increase of 1160k per consensus, while Building Permits rose 7.40% to 1254k versus an expected 2.80% increase of 1201k per consensus. May Housing Starts were initially released as 1092k but was revised upwardly to 1122k. May Building Permits were left unrevised as 1168k.
MBA Mortgage Applications for the week ending on July 14th rose 6.30% after falling 7.30% the week prior. Purchase applications increased 1.10% after dropping 2.50% the week prior, and refinancing activities reversed its course by rising 13.00% after falling 13.00% the week prior.
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This morning we received the June Housing Starts and Building Permits data, which both came in stronger than expected. Housing Starts rose 8.30% to 1215k versus an expected 6.20% increase of 1160k per consensus, while Building Permits rose 7.40% to 1254k versus an expected 2.80% increase of 1201k per consensus. May Housing Starts were initially released as 1092k but was revised upwardly to 1122k. May Building Permits were left unrevised as 1168k.
MBA Mortgage Applications for the week ending on July 14th rose 6.30% after falling 7.30% the week prior. Purchase applications increased 1.10% after dropping 2.50% the week prior, and refinancing activities reversed its course by rising 13.00% after falling 13.00% the week prior.
The curve has bull-flattened with the UST 10-Year down 0.3 bp from prior closing.