The UST10-Year yield is at 2.580% this morning after closing at 2.539% yesterday.
The markets erased the gains seen from yesterday's rally and U.S. Treasury yields continued to climb for the 7th consecutive week, reaching levels not seen since October 2014. The average 15 and 30-Year mortgage rates have risen to 3.370% and 4.160%, respectively.
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The markets erased the gains seen from yesterday's rally and U.S. Treasury yields continued to climb for the 7th consecutive week, reaching levels not seen since October 2014. The average 15 and 30-Year mortgage rates have risen to 3.370% and 4.160%, respectively.
There are no economic releases this morning. Tomorrow, MBA Mortgage Applications and Existing Home sales data will be released. The Chicago Fed Activity Index, GDP, Unemployment, Consumer Comfort and New Home Sales data will be some of the key economic indications being released later this week.
The Fed is scheduled to purchase $375 Million in G2SF 3.0s, $800 Million in G2SF 3.5s and $175 Million in G2SF 4.0s today.
The curve has bear-steepened with the UST 10-Year 4.1 bps up from prior closing.