Holy volatility! After selling off over a 1,000 points yesterday, the Dow was down over 550 during today's session prior to closing up 567 points today with the NASDAQ closing up 143 and the S&P 500 closing up 46. The 10 yield on the 10 year Treasury note was all the way up to 2.805 as the market closed today. As a result, after yesterday's call to float rates, today we received a call to lock. Markets are doing their to show us exactly what the word mercurial means.
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