Market Analysis

August 25th, 2011 9:20 AM
US Treasury bonds are improved this morning but mortgage-backed securities issued by Fannie Mae and Freddie Mac are relatively flat.  Stocks are down after having improved in early morning trading on news that Berkshire Hathaway had purchased $5 billion in preferred stock in Bank of America (B of A stock increased 25% on the news). In economic news, Initial Jobless Claims for the week ended 8/20 came in at 417,000 which was higher than the 400,000 expected.

Posted by Matthew Breston on August 25th, 2011 9:20 AMPost a Comment (0)

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