24 August 2009 ? Today the bond market opened up 3 bps and is currently enjoying a rally with bonds up 47 bps. The rally is basically in response to the stock market pulling back from earlier highs. There are no economic reports due today, but the rest of the week will bring: Durable Orders, Housing Numbers, Gross Domestic Products (GDP), Core Inflation, and Consumer Sentiment. The Treasury is auctioning off $109 billion in securities on Tuesday, which may cause some fluctuation in the bond pricing. The 30-year rate is currently at 5.125% and the 15 year is at 4.625%.Email This Post To a Friend.
Mortgage Back Bonds Rally?Today’s Mortgage Rates at 5.125%
August 24, 2009
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