U.S. Interest Rate Markets

Sep 10-year T-notes this morning are down -3.5 ticks. Thursday's closes: TYU8 +8.0, FVU8 +5.00. Sep 10-year T-notes on Thursday closed higher on carry-over support from a rally in German 10-year bunds to a 3-week high and on weaker than expected U.S. economic data on Apr FHFA house prices and the Jun Philadelphia Fed business outlook index.