\n Some Resilience After AM Weakness
\n <\/p>\n
\n Fri, Mar 27 2026, 4:16 PM
\n <\/p>\n
Some Resilience After AM Weakness<\/p>\n
10yr yields are set to end the week at the highest levels since last\u00a0July, but those were even higher highs earlier this morning. From roughly 9am-1130am ET, bonds recovered all of the day’s losses in a move that was led by adjustments to Fed rate hike expectations.\u00a0 Yes, we can\/should call it that now because there are no longer any rate cut expectations based on futures trading. Instead, there’s indecision about holding steady vs a small chance of rate hikes. War headlines remain the dominant focus and weekends continue to offer a higher concentration of risk for financial markets.<\/p>\n
Consumer Sentiment (Mar)<\/p>\n
53.3 vs 54 f’cast, 56.6 prev<\/p>\n
Sentiment: 1y Inflation (Mar)<\/p>\n
3.8% vs 3.4% f’cast, 3.4% prev<\/p>\n
Sentiment: 5y Inflation (Mar)<\/p>\n
3.2% vs 3.2% f’cast, 3.3% prev<\/p>\n
10:13 AM<\/p>\n
Additional weakness overnight. MBS down 6 ticks (.19) and 10yr up 3.2bps at 4.452<\/p>\n
11:39 AM<\/p>\n
Bonds turning green.\u00a0 MBS up 2 ticks (.06) and 10yr down almost 1bp at 4.412<\/p>\n
03:48 PM<\/p>\n
Drifting back into weaker territory, very gradually. MBS down 1 tick (.03) and 10yr up 2bps at 4.44<\/p>\n