Updated on April 23, 2018 10:16:57 AM EDT
The week’s calendar started with Marchs Existing Homes Sales numbers from the National Association of Realtors at 10:00 AM ET. They showed that home resales rose 1.1% last month, falling short of the percentage increase that was expected. However, an upward revision to February’s sales skewed that percentage. The number of home sales last month actually came in higher than what analysts were forecasting, indicating a strengthening housing sector that makes the data slightly bad news for mortgage rates. This is not the cause for this morning’s bond weakness as the market was showing losses before this report was posted.