You’re reading the Thursday, May 7 edition. Showing an earlier Rate Pulse.
Rate Pulse May 7

Auction-driven curve flattening

10y outperforms shorter tenors.

Thursday, May 7, 202610Y Treasury 4.43%
30Y fixed
6.54%
+4bps today
15Y fixed
5.85%
7d -6bps
5/1 ARM
6.32%
30d -5bps
Now

Treasury auction took down well; 10y outperformed and the 30Y mortgage was steady.