All articles tagged with #month end trading
Mortgage rates rose to 6.87% for the 30-year fixed—the highest in over a year—driven by month-end trading rather than new data; rates remain near the prior week’s highs, and typical borrowers likely won’t notice much change from late-July readings.
Bonds made cautious gains after friendly inflation data, with PCE being a bigger factor than Consumer Sentiment inflation expectations. Month/quarter-end positioning may have contributed to the week's resilience in US bond markets. 10-year bond yields were down 6bps at 3.486, and MBS were up a quarter point.