ft benning and phenix city mortgage rates: Columbus & Phenix City Mortgage Rates - Something has to give.
- 11/11/09 08:19 AM
Monday we saw the equity markets rally nicely, and in addition many investors had intra-day price improvements. Helping the interest rate markets was a record $40 billion 3-yr Treasury auction that went well. The 3-year note auction gave investors a yield of 1.435%, with a bid/cover ratio of 3.33 - much better than average. Today we have $25 billion of 10-yr Treasury notes to wade through, with no economic news, but some carry through from yesterday puts out current 10-yr at 3.45% and mortgage prices better between .125 and .250. But... why are bonds and stocks both doing well? Didn't … (0 comments)
Monday we saw the equity markets rally nicely, and in addition many investors had intra-day price improvements. Helping the interest rate markets was a record $40 billion 3-yr Treasury auction that went well. The 3-year note auction gave investors a yield of 1.435%, with a bid/cover ratio of 3.33 - much better than average. Today we have $25 billion of 10-yr Treasury notes to wade through, with no economic news, but some carry through from yesterday puts out current 10-yr at 3.45% and mortgage prices better between .125 and .250. But... why are bonds and stocks both doing well? Didn't … (0 comments)
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