In a double-dose of unexpected comebacks, Tuesday was a big night for the Yankees and a decent one for Treasury bonds! The Yankees gave fans something to cheer about with a thrilling 11-4 win over the Dodgers, while bond traders saw a tiny (we’re talking barely-there) rally of their own. For one night, both baseball and bonds proved they're still capable of delivering a surprise.

Yankee Stadium Thrills Fans with Grand Slam
Fans at Yankee Stadium were on the edge of their seats when Anthony Volpe’s epic third-inning grand slam sparked an all-out offense, helping the Yanks fight off a World Series sweep and showing everyone that New York isn’t done yet! The crowd went wild – so wild, in fact, that two overly eager fans were ejected after one grabbed a foul ball out of Mookie Betts' glove while his friend reached for Betts' other hand. Lesson learned: When it comes to foul balls, let the pros handle it!

Meanwhile, in the World of Bonds...
Bond traders experienced a small rally, too, thanks to Tuesday’s JOLTS data and a successful Treasury auction. Treasury yields dipped a few basis points, and mortgage rates took a tiny step back. It’s not a grand slam, but hey, it’s proof that bonds still know how to rally when the data aligns just right. Mortgage rates averaged around 7.03%—a bit of breathing room from yesterday's high of 7.08%.

Market Recap:

• 09:57 AM – Bonds looked as shaky as the Dodgers' pitching, with mortgage rates starting high.
• 1:04 PM – After the 7-year Treasury auction, bond traders saw modest improvement – think base hit rather than a home run.
• 3:20 PM – Best levels of the day! Like tying it up in the bottom of the 9th (well, kind of).

BOTTOM LINE: Mortgage rates are still running high, but Tuesday’s dip gives us hope. And as for the Yankees? With Cole set to pitch Game 5, we might just see another rally worth cheering for!