From Matthew Graham at Mortgage News Daily: MBS RECAP: Sideways to Start The Week, But That’s Still a Victory
[W]e did see a bit of weakness today, it was almost too small to count. That’s a victory considering Friday’s gains, but volume and volatility were so low that we arguably haven’t seen a representative sample of traders show up for the week. [30 year fixed 3.13%]
• At 6:00 AM ET, NFIB Small Business Optimism Index for May.
• At 8:30 AM, Trade Balance report for April from the Census Bureau. The consensus is the trade deficit to be $69.0 billion. The U.S. trade deficit was at $74.4 Billion in March.
• At 10:00 AM, Job Openings and Labor Turnover Survey for April from the BLS.