10yr Treasury
Going into NFP, before a POTUS election and FOMC guidance next week, the 10yr has been quite a moving train these last few weeks.
There are too many gaps to be filled to call any lower pricing target. With the November contract taking over volume yesterday we may see some calming down while the fundamentals reveal themselves these next few business days.
I'm sure most new home buyers or potential buyers would appreciate some retracement on this run since it will reduce the 30yr mortgage rate. For some USDA purchasers the 5yr may also hold some relevancy.
Also, as a side note the 10yr has either dipped (.2% to .5%) or went sideways when reading the last 5yrs of price action (Oct31st-Nov25th zone).
There are too many gaps to be filled to call any lower pricing target. With the November contract taking over volume yesterday we may see some calming down while the fundamentals reveal themselves these next few business days.
I'm sure most new home buyers or potential buyers would appreciate some retracement on this run since it will reduce the 30yr mortgage rate. For some USDA purchasers the 5yr may also hold some relevancy.
Also, as a side note the 10yr has either dipped (.2% to .5%) or went sideways when reading the last 5yrs of price action (Oct31st-Nov25th zone).
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