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Mortgage-Backed Securities are Up, Treasuries are Down – Market Update

Market Update1 Mortgage Backed Securities are Up, Treasuries are Down – Market UpdateMortgage-backed securities are opening up slightly after the stock market’s close yesterday.  Treasuries prices declined this morning after some upbeat reports came out of Europe and Asia (Hooray!).  Two key events to keep your eyes on today will be the November Wholesale Inventory report and the Treasury auction of $32 billion in 3-year notes.

What’s Up on Wall Street?

It was a quiet day for stocks yesterday, but all three major indexes saw gains when the closing bell rang.  The Dow Jones Industrial Average climbed 32.77 points (0.27 percent), and the S&P 500 jumped 2.89 points (0.23 percent).  The Nasdaq Composite finished the day a whopping 2.34 points (0.09 percent) higher than when it opened.

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About Eric Mally

How does Eric describe himself? In three words, they would be "humorous," "sports nut," "merciless," and "jackhammer." He has a proclivity to quote Larry David, watch countless hours of Detroit sports and wait in line for new Air Jordan shoes the day they come out. When not blogging about finance, Eric can be found with his dog "The Dude" (his Dudeness or el Duderino if you're not into the whole brevity thing) or thinking about what could have been if his rap career took off in 7th grade.

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