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”

It’s a great time to own Gold

It’s a great time to own Gold : Stock markets were unchanged today giving the Bond markets a reason to run higher. The 3.5% coupon jumped 25bp to end at 101.56, but ended below resistance levels set last October. Tech shares were sold aggressively today and pushed money into Bonds and utility related stocks. TheContinue reading “It’s a great time to own Gold”

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