government stimulus: Liquidity, a step in the right direction.
- 03/11/08 05:33 AM
Tuesday's bond market has opened well in negative territory following sharp gains in the stock markets. Stocks are doing very well this morning following an unusual move by the Fed to add liquidity to the markets. The results are stock rally and bond selling. The Dow is currently up over 200 points while the Nasdaq has gained 35 points. The bond market is currently down 28/32, but we will still see an improvement in this morning's mortgage rates as a result of strength late yesterday and optimism in the Mortgage Backed Securities (MBS) market.The only piece of economic news released today (0 comments)