Bond Market Update
Bond Market Update
Market Update
Thursday, November 13, 2025
What's going on, and why does it matter?
Mortgage bonds are struggling below their 10-day moving average, which is operating as a technical ceiling of resistance. Although the government is reopening after the longest (43-day) shutdown in history, October's job and inflation data are unlikely to be released. That's primarily because the data is survey-based, and it wasn't collected during the shutdown. This means investors and the Federal Reserve are flying somewhat blind at the moment as it relates to economic data.
What should you do about it?
Lock your rate to be safe.
Economic Calendar
Economic reports that may impact mortgage rates this week:
| Date | Report | Period | Prior | Est. | Actual |
|---|---|---|---|---|---|
| Thu 13 Nov | *Initial Jobless Claims | Week ending Nov 8 | NA | - | delayed |
| Thu 13 Nov | *CPI month-over-month | Oct | 0.2% | 0.3% | delayed |
| Thu 13 Nov | *CPI year-over-year | Oct | 3.0% | 3.0% | delayed |
| Fri 14 Nov | *Retail Sales | Oct | - | - | |
| Fri 14 Nov | *PPI month-over-month | Oct | - | - | |
| Fri 14 Nov | *PPI year-over-year | Oct | - | - |
*Data subject to delay due to government shutdown.