Euro Woes

MARKET WRAP: Stock markets plunged today and pushed Bond prices considerably higher in early trading. But as the session unfolded Mortgage Bonds hit fresh session highs, then they reversed course and headed lower. The 3.5% coupon rose 19bp to 101.66, just above where it closed yesterday. Today’s higher than expected Initial Claims and a plungeContinue reading “Euro Woes”

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