Market Snapshot August 7, 2018
Good Tuesday AM
Bonds giving back some of yesterday gains. No news of consequence today, just trading inside of the current channel. The 10-yr at 2.96% and mortgage bonds -10bps. There continues to be no reason to float. The calendar gets a bit more active starting tomorrow with a 10-yr treasury auction which can of course impact rates, then Thursday we have PPI and Wholesale Inventories, Friday is a bit more important with CPI.
Here’s a little fun fact, did you know that 21- to 37-year-olds—millennials—are the largest generation in US history, numbering just over 75 million.
Make today great!