Yesterday, the MBS Market got a boost from a weaker than expected Durable Goods Report. Overnight, treasuries advanced for the fourth day before economists predict confidence among U.S. consumers declined for a second month. Trading levels continue to be weak as the summer holiday draws closer. If these trade levels continue, it won’t take much to cause a re-price.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 93.43 points (-0.63%) while the Nasdaq also fell 39.25 points (-1.07%). Also, the S&P 500 dropped 15.17 points (-0.92%).
Here are some of today’s rates:
Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.