Market Analysis

Iron Harbor Mortgage - Market Update 03/26/2010
March 26th, 2010 8:13 AM
So far bond markets are flat today.  Yesterday's 7-year US Treasury Note auction was considered poorly bid. The bid/cover ratio of 2.61 was the lowest in almost a year. The yield at 3.374% was almost .30% higher than last month's 7-year note auction yield of 3.078%.  In economic news, the 3rd estimate of 4th Qtr 2009 GDP was revised down from 5.9% growth to 5.6% growth.  The markets had been expecting no change in the estimate.
Posted by Matthew Breston on March 26th, 2010 8:13 AMPost a Comment (0)
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