Treasury Auctions (5,7,10,20,30 year)
Relevant activities are limited to just two days of the week. They begin Wednesday afternoon with two scheduled events that we will be watching. First will be the 10-year Treasury Note auction results announcement at 1:00 PM ET. These types of sales typically don't directly impact mortgage rates but can affect the broader bond market that leaks into mortgage bonds. 10-year Notes will be sold Wednesday, followed by 30-year Bonds Thursday. If investor demand is strong for these securities, we may see bonds rally during afternoon trading midweek. However, weak interest in the sales could lead to bond selling and a possible increase in mortgage rates. If there is a reaction to the sales, they will come during early afternoon hours those days.