Nice Rally on Data and Auction Results
By: Mortgage News Daily | Published: 2025-06-11 20:19:00 | Source: www.mortgagenewsdaily.com
Nice Rally on Data and Auction Results
Wed, Jun 11 2025, 4:19 PM
Wednesday ended up being a straightforward session for bonds with a large CPI beat prompting a decently swift rally in the bond market. Shorter maturities did the best–also logical considering the proximity to the Fed Funds Rate and the fact that Fed rate expectations rallied 8+ bps. But longer maturities got a bit more love after a well-received 10yr Treasury auction at 1pm. Respectable results on a day where…
