Mortgage Rates Hold Steady Ahead of Retail Sales Data

Thursday Morning is This Week's Biggest Volatility Risk While there was certainly a bit of an upward drift in Treasury yields through the end of last week, mortgage rates and MBS saw it as a bit more of a sideways grind.  Last Thursday's data had a chance to create some momentum, but ultimately failed.  Thursday is also this week's most active day for potentially significant econ data with Retail Sales likely getting the most attention.  That said, "attention" has a lot to do with the size of beat/miss.  As always, the market is already priced to reflect the median forecast, so there's no way to know if one outcome is more likely than