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Ryan Maghan

Loan Officer
Movement Mortgage
NMLS ID # 1037556
12008 South Shore Blvd, Suite 207, Wellington, FL 33414
Dial Phone Number
p: (703) 407-7537
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e: ryan.maghan@movement.com

Calm Economic Week Leads to Looking Ahead

By: Movement Staff
May 10, 2024
This week, the bond market experienced a period of relative calm due to a light economic calendar and successful Treasury auctions. However, this calm might be short-lived as attention turns to next Wednesday's April CPI release, which is expected to influence market sentiment until the May payroll release on June 7. Currently, ten-year Treasury yields are around 4.50%, and appear to be waiting on convincing evidence that inflation is cooling before breaking materially below this level.
Author: Movement Staff

The Market Update is a weekly commentary compiled by a group of Movement Mortgage capital markets analysts with decades of combined expertise in the financial field. Movement's staff helps take complicated economic topics and turn them into a useful, easy to understand analysis to help you make the best decisions for your financial future.

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Ryan Maghan
Loan Officer
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12008 South Shore Blvd, Suite 207, Wellington, FL 33414
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NMLS # 1037556

State License #DC-MLO1037556, FL-LO85145, GA-1037556, MD-2348365, NC-I-215439, VA-MLO-45613VA