U.S. Interest Rate Markets
Sep 10-year T-notes this morning are up +3 ticks. Friday's closes: TYU7 +3.50, FVU7 +3.50. Sep 10-year T-notes on Friday closed higher: T-note prices were boosted by the unexpected decline in U.S. May housing starts to an 8-month low and the fall in May building permits to a 13-month low. T-note prices were also boosted by the larger-than-expected decline in the June University of Michigan U.S. consumer sentiment index to a 7-month low and by reduced inflation expectations after the 10-year T-note breakeven inflation rate dropped to a 7-1/2 month low.