Tuesday’s bond market has opened in positive territory again, erasing weakness from late yesterday. Stocks are continuing their recent rally with the Dow up 115 points and the Nasdaq up 7 points. The bond market is currently up 12/32 (4.43%), but selling late yesterday is going to limit this morning’s improvement in rates to just a slight change. If you saw an intraday increase in rates yesterday afternoon, you should see an improvement of approximately .125 - .250 of a discount point this morning.
12/32
Bonds
30 yr - 4.43%
115
Dow
38,968
7
NASDAQ
16,356