Tech Trips, Yields Dip

[Andrew Postell]

Treasuries rallied today, pushing the 10‑year yield to its lowest level since November as stocks—led by tech—moved lower. Month‑end index rebalancing and supportive global bond markets added demand, pulling yields a few basis points lower across the curve.

That move is helping mortgages. MBS prices are modestly higher, allowing rates to tick a smidge lower. It’s not a game‑changer, but a welcome shift after recent volatility.

On the data front, weekly jobless claims came in slightly better than expected. Attention now turns to tomorrow’s January PPI report. Headline producer inflation likely cooled from December’s hot print, though core components may remain a bit sticky—worth watching, as they feed directly into Core PCE, the Fed’s preferred inflation gauge.

https://www.thespruce.com/february-pruning-mistakes-to-avoid-11912215

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