US Existing Home Sales Dip as Affordability Concerns Linger, 10s +1bp — desk brief, Thu 09 Jul 2026
Treasuries (close 2026-07-08): 2s 4.21% (+2.0bp), 10s 4.56% (+1.0bp), 30s 5.06% (+1.0bp).
Tape (close 2026-07-08): VIX 16.9, 2s10s +35bp.
Narrative: European morning session wrap: Oil prices surge as Trump calls off Iran deal
What mattered:
• US Existing Home Sales Dip as Affordability Concerns Linger
• US Continued Jobless Claims Actual 1.814M (Forecast 1.814M, Previous 1.814M)
• Existing Home Sales (MoM): 4.09M
• The Iran global inflation crisis that stubbornly refuses to happen
• Asia-Pacific FX news wrap: Iran-US clashes escalate as Bahrain, Kuwait bases hit; oil barely moves