Mortgage bond prices opened higher Friday morning erasing the small losses seen Thursday afternoon.
The only economic event on tap today is the University of Michigan consumer sentiment report set for release at 10:00 am ET.
Traders are now waiting for stocks to begin trade at 9:30 am ET. Dow futures are pointing to a flat opening for equities.
The
bond market will close today at 2:00 pm ET today and be closed Monday
in observance of the Memorial Day holiday. In addition bonds will not
trade in the UK or Japan Monday. Tell your floating borrowers that
Tuesday is likely to be volatile (direction unknown) as trading resumes
to normal and market players digest the news from Europe.
No comments:
Post a Comment