Market Snapshot June 11, 2018

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Good Monday A.M.,

 

Bonds have opened on the weaker side with the 10-yr at 2.96% and mortgage bonds -3bps. While last week we had limited data or drama, I don’t think we will be so lucky this week. We will have a large supply of government bond auctions which will drive rates today, CPI (which is the #2 most important data every month) tomorrow (as well as results from the Nuclear Summit with North Korea), 3 Central Bank meetings (including ours) this week, and then more data (retail sales, etc..). I would anticipate some volatility. If the 10-yr breaches 3% again, I would say that is a cue to get out of the way.

 

Make today great!