5 November 2009 ?Bonds opened up 19bps today and have remained strong well into the afternoon with a day change of up 18bps. With a day to absorb yesterday?s news that the Fed will keep interest rates near zero, mortgage bonds have bounced back significantly today. It is expected that the Mortgage Backed Securities program […]
Tag Archives: fed
Fed Keeping Interest Rates Low
Written by: Chris DePaepe - November 4, 2009
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4 November 2009 ?Bonds opened today 3bps up and have ceded some ground this afternoon. They ended the day down 6bps. After the highly anticipated Federal Open Market Committee meeting, the Fed announced it will keep the Fed Funds Rate low for an extended period of time. Many economists predict the rates will stay close […]
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Written by: Chris DePaepe - November 5, 2009
Comments Off on Stocks Rise and Bonds Move Up as House Passes Home Buyer Tax Credit Extension