Mmastodon BusinessFinance first seen 7 h ago, last 2 h ago, peak #1
Strong Treasury auction boosts 10-year bond, mortgage rates hold
Original: 10y Bond is fighting the Good Fight. Treasury Note Auction very Strong. Mortgage bonds are holding the line at a key cei
A strong US Treasury note auction helped the 10-year bond hold its ground, while mortgage bonds defended a key ceiling around 5.29%. Commenters note that mortgage rates averaged 5.99% last February when the 10-year sat at 3.99%, suggesting some spread compression. The auction result is being read as a good sign for rate stability.
Why now: Markets are focused on Treasury auctions and bond strength as signals for where mortgage rates head next.
10-year Treasury bondUS Treasurymortgage bonds
Rank over time, top of the chart is #1. 3 snapshots from 4 h ago to 2 h ago.
Evidence
- 10y Bond is fighting the Good Fight. Treasury Note Auction very Strong. Mortgage bonds are holding the line at a key ceiling of 5.29%. For context, when mortgage rates averaged 5.99% last February, the 10-year was at 3.99%. Yesterday’s Treasury auction was strong, a good sign… · mortgagenews.blog@mortgagenews.blog · 7
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