by Calculated Risk on 5/10/2021 09:00:00 PM

From Matthew Graham at Mortgage News Daily: MBS RECAP: Heavy Issuance Weighs on Bonds

We knew bonds would be skittish about Treasury auctions this week, but the defensiveness began early owing to a big glut of corporate bond offerings ... The damage was minimal, all things considered, with MBS only losing an eighth of a point as of 4pm ET and 10yr yields up 2bps to 1.60%. [30 year fixed 3.03%]
emphasis added

Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for April.

• At 10:00 AM, Job Openings and Labor Turnover Survey for March from the BLS.