Some Bond-Specific Weakness in The Afternoon
Oil and Treasury yields were almost perfectly correlated for almost the entire week. Friday afternoon was an exception. Oil continued sideways to slightly lower while yields rose a bit. Overall damage was negligible, but it was interesting nonetheless. While there was no clear news or event behind the move, we can plainly see that it originated in the shortest end of the curve and/or Fed rate expectations. Friday afternoon illiquidity likely made the move bigger than it otherwise would have been. As for potential reasons, it could be as simple as dealers positioning for next week's inflation reports and Warsh testimony.
Econ Data / Events
Jobless Claims (Jul)/04
215.0K vs 218K f'cast, 215K prev
Market Movement Recap
09:11 AM Unchanged MBS and 10yr down half a bp at 4.548
11:13 AM MBS down 2 ticks (.06) and 10yr unchanged at 4.553
02:19 PM MBS down 6 ticks (.19) and 10yr up 1.4bps at 4.568
03:35 PM Off the weakest levels. MBS down an eighth and 10yr up less than 1bp at 4.561
Fri, Jul 10 2026, 3:50 PM
Oil and Treasury yields were almost perfectly correlated for almost the entire week. Friday afternoon was an exception. Oil continued sideways to slightly lower while yields rose a bit. Overall damage was negligible, but it was interesting nonetheless. While there was no clear news or event behind the move, we can plainly see that it originated in the shortest end of the curve and/or Fed rate expectations. Friday afternoon illiquidity likely made the move bigger than it otherwise would have been. As for potential reasons, it could be as simple as dealers positioning for next week's inflation reports and Warsh testimony.
09:11 AM
Unchanged MBS and 10yr down half a bp at 4.548
11:13 AM
MBS down 2 ticks (.06) and 10yr unchanged at 4.553
02:19 PM
MBS down 6 ticks (.19) and 10yr up 1.4bps at 4.568
03:35 PM
Off the weakest levels. MBS down an eighth and 10yr up less than 1bp at 4.561
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| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | Slightly Stronger But There's a Catch | 0 | 5 | 09-07-2026 |
| 2 | Oil and Yields Starting Out Slightly Lower | 0 | 3 | 09-07-2026 |
| 3 | Mortgage Rates End Week Roughly Unchanged | 0 | 5 | 10-07-2026 |
| 4 | Gold extends gains on weak jobs data, lower oil prices | 0 | 7 | 02-07-2026 |
| 5 | Rates Recover Modestly | 1 | 5 | 09-07-2026 |
| 6 | Dollar steady as focus turns to US payrolls, yen intervention jitters persist | 0 | 5 | 02-07-2026 |
| 7 | Asian shares fall as chipmakers drag; US jobs data looms | -2 | 6 | 02-07-2026 |
| 8 | Chip stocks are trying to bounce back. The Dow is near 53,000. Fed minutes are coming | 0 | 5 | 06-07-2026 |
| 9 | Altın ve petrolde kritik hafta! Piyasaların odağında FED ve Cenevre zirvesi var | 0 | 6 | 17-06-2026 |
| 10 | Биржевые индексы в Нью-Йорке понизились в ожидании выступления главы ФРС | 0 | 0 | 19-05-2020 |