\n Wednesday More Likely to Take Cues From Econ Data
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\n Tue, Nov 4 2025, 4:49 PM
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Wednesday More Likely to Take Cues From Econ Data<\/p>\n
Bonds benefited from heavy stock selling late in the overnight session. This is not the typical pattern seen these days, but it’s not uncommon to see some positive spillover into bonds when stock losses are sharp enough. In any event, it’s not something to count on when it comes to tomorrow’s motivations. For that, we actually have economic data for a change. In the absence of government agency data, if we had to pick 2 reports to carry the torch, they would be ADP employment and ISM Services PMI. Tomorrow brings us both releases and, thus, a strong chance to see data-driven volatility.\u00a0<\/p>\n
09:15 AM<\/p>\n
modestly stronger overnight and holding gains so far.\u00a0 MBS up 2 ticks (.06) and 10yr down 1.4bps at 4.095<\/p>\n
01:39 PM<\/p>\n
Sideways near best levels. MBS up an eighth and 10yr down 2.6bps at 4.083<\/p>\n
04:48 PM<\/p>\n
Heading out at best levels.\u00a0 MBS up 5 ticks (.16) and 10yr down 2.5bps at 4.084<\/p>\n