Updated on April 12, 2021 10:02:54 AM EDT
There is nothing of importance taking place this morning, but we do have a 10-year Treasury Note auction today that may affect rates this afternoon. Results will be posted at 1:00 PM ET. If demand from investors was strong, the bond market could rally during early afternoon trading, possibly leading to lower mortgage rates. On the other hand, a lackluster interest in the securities may fuel afternoon weakness and upward revisions to mortgage pricing later today. This process will be repeated tomorrow when 30-year Bonds are sold.