Mortgage bond prices remained weaker this morning pushing rates higher
as stocks surged higher yesterday on hopes of Fed intervention. Stock
futures are up again this morning after the DOW closed up 212 points
yesterday.
Advance Q2 GDP up 1.5% as expected, consumer
sentiment data later this morning. The initial reaction to the data has
been poor for bonds causing rates to rise.
Oil prices rose this morning on hopes of additional action from both the European Central Bank and the Fed.
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