Treasuries are slightly lower across the curve this morning from yesterday's close. The UST10-Year yield is currently at 2.176% after closing at 2.167% prior.
Treasury yields inched higher overnight as investors shifted their focus from political turmoil to the start of the annual central bankers' meeting in Jackson Hole. Investors are looking for indication from policy makers on when the process of unwinding the stimulus may begin. The two-day annual meeting concludes tomorrow, headlined by Fed Chairwoman Yellen who is scheduled to speak on financial stability and followed by a speech from ECB President Draghi.
In economic reports, we received the Initial Jobless Claims for the week ending on August 19th which rose 2k to 234k from an unrevised 232k the week prior. Continuing Claims for the week ending on August 12th held steady at 1954k from an upwardly revised 1954k the week prior. We also received the weekly Bloomberg Consumer Comfort index which rose to 52.80 for the week ending on August 20th from 52.10 the week prior, signaling a sustained consumer spending. Lastly, we received the July Existing Home Sales report which fell to 5.44 Million from a downwardly revised 5.51 Million in June.
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
Treasury yields inched higher overnight as investors shifted their focus from political turmoil to the start of the annual central bankers' meeting in Jackson Hole. Investors are looking for indication from policy makers on when the process of unwinding the stimulus may begin. The two-day annual meeting concludes tomorrow, headlined by Fed Chairwoman Yellen who is scheduled to speak on financial stability and followed by a speech from ECB President Draghi.
In economic reports, we received the Initial Jobless Claims for the week ending on August 19th which rose 2k to 234k from an unrevised 232k the week prior. Continuing Claims for the week ending on August 12th held steady at 1954k from an upwardly revised 1954k the week prior. We also received the weekly Bloomberg Consumer Comfort index which rose to 52.80 for the week ending on August 20th from 52.10 the week prior, signaling a sustained consumer spending. Lastly, we received the July Existing Home Sales report which fell to 5.44 Million from a downwardly revised 5.51 Million in June.
The curve has bear-flattened with the UST 10-Year up 0.9 bp from prior closing.