Mortgage bond prices opened slightly higher Monday morning erasing some
of the losses seen Friday afternoon. Rates are finding mild support in
thin trade from weak stock futures.
With no economic news set
for release today traders are waiting for stocks to begin trade to help
gauge interest rate direction. The equity markets open at 9:30 am ET.
This
week is packed with important events that will move prices of both
bonds and stocks. Central Banks in the US, England and Europe all meet
this week. Markets continue to price in additional easing as the global
economic outlook darkens. Prepare yourself and your borrowers for what
could be a wild ride.
No comments:
Post a Comment