“Last week was very dynamic for markets. A combination of Fed Chair Powell raising the bar for potential rate hikes and tempering economic data has risk and risk-free markets in a good mood. For this week, a plethora of Fed speak, eyes on long end supply, and the corporate calendar. In 10-year UST we defended the 4.70% well. And on a continued move lower from here we see 4.30-4.35%. Volatility declining for now, but we expect continued sensitivity around the inflation and employment numbers moving forward.”

Get your updates each week with Gregory (Greg) Faranello, CFA, Head of US Rates at AmeriVet Securities, Inc..