Currently up around 9 bp, we have the Consumer Confidence report coming out here in the next 30 minutes.
This report surveys consumers throughout the country on their attitudes of the present and future outlook of the US economy, as this is a pretty important influence on bond and stock markets.
We are estimated to come in at 53, higher than the previous 49.5.
The 5 Year Note Auction ($42B in MBS) will begin at 1 EST as well.
If the CC report comes out to the estimated value, you may expect mortgage rates to have an initial knee-jerk reaction and jump a tad higher, so be on the lookout.
