Market Analysis

The US Treasury market is down in price today (rates are higher) as the stock market makes a stab at getting back up to the 7,000 level.  Mortgage-backed securities (MBS) are relatively flat.  Our rates sheets are relatively flat.  Without further deterioration in the stock market it will be difficult for rates to move lower.  If a multi-day stock market rally develops, the chances of rates inching up will grow stronger.

Posted by Matthew Breston on March 4th, 2009 1:59 PMPost a Comment (0)

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