With no economic reports being issued today, recent events across the globe shaped the trading picture of the day. MBS bonds and U.S. Treasuries benefited from a safety trade. Mortgage rates are inching lower as MBS bonds approach distant resistance far above present levels. Continue uncertainty regarding North Korea, Syria, Iran, Russia and China is causing traders to waffle. As a result the Dow rebounded from a 100 point dip to close down only 6 points.
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