War Headlines Pushing Oil and Yields Higher
War Headlines Pushing Oil and Yields Higher
4 Hours, 43 Min ago
Some summertime Mondays are slow and uneventful. Some see brisk movement. Today’s was somewhere in between. There was modest pressure at the outset following headlines about Iran planning to escalate hostilities. The sharpest increase in oil prices coincided with Iran seizing a UAE tanker in the Strait of Hormuz. 10yr yields followed and hit the highs of the day shortly thereafter. Bottom line: fairly straightforward day, even if moderately unpleasant for fans of low rates.
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- NY Fed Manufacturing
- 20.6 vs 11 f’cast, 15.6 prev
- NY Fed Manufacturing
09:21 AM
MBS down and eighth and 10yr up 1.4bps at 4.707
11:02 AM
MBS down 1 tick (.03) and 10yr up 1bp at 4.702
01:15 PM
MBS down 3 ticks (.09) and 10yr up 1.9bps at 4.712
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