Treasuries are up again this week as analysts fear next week’s reports will show signs of the economy slowing. The 10-year treasury yield is within 4 basis points of a record low, and money keeps being pushed into mortgage backed securities.
What’s Up on Wall Street?
All three major indexes saw gains yesterday, marking back-to-back days of positivity from Wall Street. The Dow Jones Industrial Averaged jumped 34.66 points (0.37%), while the S&P 500 climbed 3.73 points (0.27%). For the second day in a row, the Nasdaq Composite saw the biggest gains and jumped 23.30 points (0.79%). Will the Dow kiss the 13,000-point line again today? Stay tuned!