Posted To: MBS CommentaryBig Victory This Week (In Response To Last Week’s Big Loss) Relative to the spectrum of possibilities, ending the week with 10yr Treasury yields under 1.1% is a big victory. Of course that wouldn’t have been the case before last week, but everything’s relative in the bond market. From here, we’ll be watching this week’s high yields very carefully for continued support. If rates are going to surge back below 1.0%, the justification for such a thing has yet to reveal itself. Next week is light on data, and bonds are closed on Monday for Martin Luther King Jr. Day. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Retail Sales -0.7 vs 0.0 f’cast, -1.4 prev Core Annual PPI 1.2 vs 1.3 f’cast, 1.4 prev NY Fed Manufacturing 3.5 vs 6.0 f’cast…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.