Treasury Auctions (5,7,10,30 year securities)
Also tomorrow is the 5-year Treasury Note auction. These sales have the potential to influence broader bond trading enough to affect mortgage rates if they show strong or weak investor demand. If it is met with a strong demand, we could see bond prices rise during afternoon trading. This could lead to an afternoon improvement to mortgage rates tomorrow. On the other hand, if the sale draws a lackluster interest from investors, mortgage rates may move slightly higher.