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Treasuries are down this morning, largely due to beliefs that finance ministers may provide Europe with additional bailout funding. While the 10-year yield has risen to 2.02 percent this morning, consumer price index data shows that the cost of living in America has elevated at a rate that’s much lower than previously forecasted. The release of this data has pushed MBS prices down this morning.

What’s Up on Wall Street?

All the U.S. markets closed in the green yesterday. The Dow Jones Industrial average closed up 123.13 points (0.96 percent). The S&P 500 closed up 14.81 points (1.10 percent). Finally, The Nasdaq composite closed up 44.02 points (1.51 percent).

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