Yesterday, Treasury prices dropped as initial jobless claims fell and existing home sales jumped more than predicted. Today, Treasuries are relatively flat to yesterday’s close. With no economic data, Treasuries and mortgage bonds will take their queues from equities.
Treasuries and mortgage bonds are down from yesterday's close as retail sales increased for the ninth straight month which points to a recovering economy. Also weighing on Treasuries is today's looming $21 billion Treasury auction of 10-year notes.