Early Strength Gives Way to Steady Selling
Early Strength Gives Way to Steady Selling
Tue, Sep 8 2026, 3:48 PM
Bonds started the day in fairly good shape with a rally at the open and a certain measure of defiance of another jump in fuel prices. The defiance quickly gave way to underperformance–a fact that suggests short-term tradeflow considerations for the bond market or perhaps that we’re simply putting the trading day under too much of a microscope. Either way, both yields and oil prices were higher by the end of the day although the 10yr avoided breaking above last week’s highs.
08:30 AM
Roughly unchanged after overnight volatility. MBS unchanged and 10yr up 0.2bps at 4.79
10:37 AM
MBS now down 2 ticks (.06) and 10yr up 0.1bp at 4.789
02:52 PM
MBS down 5 ticks (.16) and 10yr up 2.3bps at 4.811
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