Friday’s bond market has opened in negative territory following mixed results from this morning’s economic data. Stocks are reacting to the data with strong gains. The Dow is currently up 385 points while the Nasdaq has gained 69 points. The bond market is currently down 17/32 (3.66%), which should push this morning’s mortgage rates higher by approximately .250 of a discount point.
17/32
Bonds
30 yr - 3.66%
385
Dow
33,446
69
NASDAQ
13,170