Treasuries and mortgage bonds are slightly lower this morning after negotiations over the debt ceiling stalled. The Treasury is scheduled to sell $35 billion of five-year debt today, the second of three auctions this week.
This week we have a deluge of data and Fed speakers will be out in abundance. Combine that with a holiday weekend, next week’s Jobs Report, a number of Treasury Auctions and you have a perfect storm for increased volatility.
Treasuries are relatively unchanged this morning arfter Friday's rally following the low reading on the consumer confidence report. Today, we have the NAHB housing market index at 10 a.m. EST which measures the general state of the single family home building market. It is expected to drop to 16. A…
This morning the Mortgage Bankers Association (MBA), in its Weekly Mortgage Applications Survey for the week ending July 4, announced that the Market Composite Index, which measures mortgage loan application volume, increased 7.5% from one week earlier.