Mortgage bond prices remained near unchanged this morning holding the
gains from yesterday. Rates continue to find support from weakness
abroad.
There was no data this morning. Stock futures are slightly higher this morning after the DOW closed down 36 points yesterday.
News
out of Europe this morning inidcated finance ministers eased up on
austerity demands to help Spain. News out of China continued to show
economic slowdown.
We have a 3Y auction this afternoon.
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