Treasury Auctions (5,7,10,20,30 year)
Tomorrow and Thursday both have no relevant monthly economic data scheduled, but they do have Treasury auctions scheduled that often affect rates during afternoon trading. 10-year Treasury Notes will be sold tomorrow, followed by 30-year Bonds Thursday. Results of both will be posted at 1:00 PM ET each day, making them early afternoon events. If they are met with a strong demand from investors, particularly international buyers, we should see strength in the broader bond market and improvements to mortgage pricing during afternoon hours. On the other hand, a weak interest in the auctions could lead to upward revisions to rates.