Treasury Auctions (5,7,10,20,30 year)
We also have the first of this week’s two relevant Treasury auctions taking place today. 5-year Treasury Notes are being sold today, followed by 7-year Notes tomorrow. If today’s sale draws a strong demand from investors, we may see bond prices rise this afternoon, possibly leading to a slight improvement in mortgage pricing. Results will be posted at 1:00 PM, making this an early afternoon event for rates.