Updated on April 25, 2019 10:19:03 AM EDT
Yesterday’s 5-year Treasury Note auction went pretty well with several benchmarks showing a decent level of interest in the securities. However, it wasn’t strong enough to cause much movement in bonds or mortgage rates. The results do allow us to remain optimistic about today’s 7-year Note sale. Results will also be posted at 1:00 PM ET. An overly strong demand from investors could help boost bonds this afternoon, possibly leading to a slight improvement in mortgage rates.