Yesterday the MBS market saw slow and steady gains all day. The boost began in the overnight trading hours with weaker than expected economic data out of Germany and the ECB promising ongoing support for the struggling portion of the Eurozone. Consumer confidence declined according to an afternoon report and light volume in the 10 year Treasuries forced traders to the MBS market late afternoon.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 35.27 points (-0.23%) while the Nasdaq dropped 11.92 points (-0.32%). Also, the S&P 500 fell 4.58 points (-0.28%).
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.