Uneventful Summertime Monday
Uneventful Summertime Monday
Mon, Jul 6 2026, 4:03 PM
Volume and–sometimes–volatility can be generally lower in the middle of the summertime months as fewer traders are consistently at bond desks–especially on days adjacent to 3-day holiday weekends. Today was a classic example. Bonds barely budged and volume is on track for one of the lightest full trading days of the year. In many ways, today was simply a 4th weekend day and we’ll know more about how bonds are feeling on Tuesday. But at the very least, it’s somewhat constructive to be starting the week without any extension of last week’s selling pressure.
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- ISM N-Mfg PMI (Jun)
- 54.0 vs 54 f’cast, 54.5 prev
- ISM N-Mfg PMI (Jun)
09:14 AM
Modestly stronger over the weekend. MBS up 3 ticks (.09) and 10yr down 2.1bps at 4.465
12:54 PM
MBS up 4 ticks (.125) and 10yr down half a bp at 4.482
03:21 PM
MBS up 5 ticks (.16) and 10yr down 0.7bps at 4.478
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