From Matthew Graham at Mortgage News Daily: Decent Day Helps Legitimize Friday’s Gains[W]hile there was arguably a small amount of push-back in the overnight session, it was quickly erased, and with minimal volatility to boot. This helps legitimize the levels achieved last Friday–especially with Treasury auctions on deck and another high risk event in the form of the CPI data on Thursday. [30 year fixed 6.14%]
• At 6:00 AM ET, NFIB Small Business Optimism Index for December.
• At 9:00 AM: Discussion, Fed Chair Jerome Powell, Central Bank Independence, At the Sveriges Riksbank International Symposium on Central Bank Independence, Stockholm, Sweden