Bonds Fall On Stock Rally
12 February 2008
Bond market reacted negativley today to a stock market rally, while there was no relevant economic news released.ﾃつ ﾃつ Mortgage rates as a result should rise about .25 to price.\
Looking forward to tomorrow, we’ll get January Retail Sales Report.ﾃつ ﾃつ And on Thursday we’ll hear the testimony of Fed Chief Ben Bernanke to Congress.ﾃつ His testimony will be closely monitored by the markets.ﾃつ ﾃつ Both items have the potential to influence mortgage rates tomorrow and on Thursday.
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