Treasury Auctions (5,7,10,20,30 year)
10-year Treasury Notes are being sold today, followed by 30-year Bonds tomorrow. If these sales are met with a strong demand from investors, we could see bond prices rise enough during afternoon trading, causing downward revisions to mortgage rates. However, lackluster bidding in the sales, meaning longer-term securities are losing their appeal, could lead to higher mortgage pricing during afternoon trading. Results will be announced at 1:00 PM ET both days, making these early afternoon events for mortgage pricing.