Treasury prices fell on Thursday, pushing the yield on the 10 year note to 4.55%. With no data on the economic calendar for today, the bond market is preparing for next week’s new supply as the U.S. Treasury will be issuing 2 yr, 5 yr and 7 yr notes.
In addition to the continued release of third quarter earning, the markets will have data on existing and new home sales, consumer confidence, and the strength of the manufacturing sector.
Today, mortgage prices are worse by .125% to .250%.
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