Mortgage bond prices remain higher Monday morning erasing the losses seen Friday afternoon and more. Rates are receiving support from after Ireland received an estimated $95B euro bailout from the EU and IMF. In addition, lower stocks are also supporting rates.
With no economic news set for release today, traders will spend the day watching stocks to help gauge interest rate direction. At the 10:00 am price point, the DOW was down 21-points.
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