Relatively Drama-Free Day

Relatively Drama-Free Day These things happen from time to time. The bond market finally had an uneventful day... sorta. This may seem like a fairly odd claim for any day where yields hit the highest levels in well over a year but those were intraday highs, and they weren't much higher than yesterday's highs. During domestic hours, 10s were mostly in a 2bp range. Additionally, there were no standout market movers for better or worse. This easily meets the definition of uneventful even if it says nothing about the volatility risks over the next 2 days.  Econ Data / Events ADP Jobs 38k vs 47k f'cast, 46k prev Market Movement Recap 08:36 AM MBS up 3 ticks (.09) and 10yr unchanged at 4.793 01:59 PM MBS up 2 ticks (.06) and 10yr unchanged at 4.792 03:57 PM MBS up an eighth and 10yr down half a bp at 4.787