Agent Connection

MAY 26, 2026

MORTGAGE BOND PRICES ARE HIGHER AND YIELDS ARE LOWER AS INVESTORS TRACK U.S.-IRAN TALKS AND PROSPECTS FOR A POTENTIAL DEAL TO END THE CONFLICT, WHILE RENEWED OVERNIGHT MILITARY ACTIVITY KEEPS UNCERTAINTY IN FOCUS.

AFTER HITTING $109/BBL LAST WEEK, WTI OIL HAS RETREATED TO $92 AS EASING GEOPOLITICAL TENSIONS REDUCE THE RISK PREMIUM.

THE 10-YEAR YIELD HIT 4.70% LAST TUESDAY AND HAS PULLED BACK TO 4.48% WHILE THE BENCHMARK FNMA 30-YEAR 5.5% HAS JUMPED TO 100.25 AFTER 99.13 SEEN LAST WEEK.

STOCKS ARE HIGHER IN EARLY TRADING AND IN RECORD TERRITORY AS OPTIMISM OVER PROGRESS IN NEGOTIATIONS AND SOLID EARNINGS SUPPORT RISK SENTIMENT.

KEY ECONOMIC REPORTS WILL BE RELEASED THIS WEEK THAT INCLUDES CORE PCE AND THE SECOND READING ON Q1 2026 GDP. MAY CONSUMER CONFIDENCE WILL BE RELEASED THIS MORNING AT 10:00.

THE TREASURY WILL AUCTION $69B IN 2-YEAR NOTES TUESDAY, $70B IN 5-YEAR NOTES WEDNESDAY, AND $44B IN 7-YEAR NOTES THURSDAY. RESULTS RELEASED JUST AFTER 1:00 P.M. ET.

KEVIN WARSH BEGINS HIS FIRST OFFICIAL DAY AS FED CHAIR TODAY - IN THIS NEW ERA, WARSH IS LOOKING TO MAKE SOME SIGNIFICANT CHANGES AT THE FED - WATCH THE MMG MINUTE VIDEO FOR MORE DETAIL.

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