The week began with a distinct absence of interest rate volatility, but things changed in a big way by Friday–at least in relative terms.
Source: Kevin Litwicki MBSLIVE
Slow Start for Rates Gives Way to Volatility With More to Come Next Week

After a rocky start to the year, things began to improve for rates and the inflation outlook in May. June took the improvement to the next level, but this week didn’t affect the bigger picture.
Source: Kevin Litwicki MBSLIVE
June Shaping Up Nicely, But Bigger Tests Are Yet to Come

This week was hotly anticipated by investors due to the confluence of economic data and events. Depending on the outcome, interest rates stood to gain or lose quite a bit of ground. Thankfully, the news was almost all good.
Source: Kevin Litwicki MBSLIVE
Big Inflation Victory Gets Rates Back to Lowest Levels Since March

Interest rates came into the current week with a bit of a bias, but the data pushed back… eventually.
Source: Kevin Litwicki MBSLIVE
Wild Week in Response to Economic Data And There's More On The Way