The UST10-Year yield is at 1.759% this morning after closing at 1.764% yesterday.
Treasury yields are unchanged this morning after a mixed bag of economic data. The FHFA House Price Index surprised to the upside showing a 0.70% gain month over month vs. 0.40% expected. This was offset by the Consumer Confidence Index which was 98.60 vs. 101.50 expected. Yesterday, Chicago Fed President Charles Evans said he supports a rate hike later this year and "a few" in 2017. Market consensus is that the rate hike will occur in December. The Treasury will auction $26 Billion in 2-YearTreasury notes later today.
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Treasury yields are unchanged this morning after a mixed bag of economic data. The FHFA House Price Index surprised to the upside showing a 0.70% gain month over month vs. 0.40% expected. This was offset by the Consumer Confidence Index which was 98.60 vs. 101.50 expected. Yesterday, Chicago Fed President Charles Evans said he supports a rate hike later this year and "a few" in 2017. Market consensus is that the rate hike will occur in December. The Treasury will auction $26 Billion in 2-Year Treasury notes later today.
For the rest of the week, Wednesday there is MBA Mortgage Applications, US Services PMI and New Home Sales. Thursday has Durable Goods and Jobless Claims numbers. Friday brings us the Employment Cost Index, a first look at Q3 GDP, Personal Consumption and the University of Michigan Consumer Sentiment Index.
The curve has bear-flattened with the UST 2-Year 1 bp up from prior closing and the UST 10-Year 0.5 bp down from from prior closing.