Just when it looked like we may slip into the afternoon, stocks turned tail and ran, now down over 200 points with 4 minutes to trade. Bonds, notes and mortgage backs caught their fall and reversed course, now trading at the day’s best levels. With the yield right at major resistance (3.86%), the market will finish strong and probably wait until tomorrow to either confirm or reject the new bullish trend.
Bonds, notes and mortgage backs caught their fall and reversed course, now trading at the day’s best levels
April 27, 2010|Austin Mortgage Market|
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