Bond Market Update
Bond Market Update
Market Update
Friday, December 12, 2025
What's going on, and why does it matter?
Mortgage bonds opened lower this morning as bond investors take profits and hedge their bets ahead of next week's data avalanche. The delayed November jobs report is scheduled for release next Tuesday, and the November CPI inflation report is due for release next Wednesday. The US Treasury is set to auction $13 billion of 20-year Treasuries on Wednesday after auctioning $39 billion of 10-year notes and $22 billion of 30-year bonds this week. The economic calendar is quiet today, although several Fed policymakers are scheduled to give speeches.
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 |
|---|---|---|---|---|---|
| Tue 9 Dec | JOLTS Job Openings (delayed) | Oct | 7.227M | 7.199M | 7.67M |
| Wd 10 Dec | Fed Funds Rate | - | 4.0% | 3.75% | 3.75% |
| Thu 11 Dec | Initial Jobless Claims | Week ending Dec 6 | 191k | 221k | 236k |
| Fri 12 Dec | Wholesale Inventories | Sep | 0.0% | - |