Monday was a good day for the U.S. bond market with a nice rally in both treasuries and mortgages. The positive sentiment is subdued this morning; however, mortgage prices remain a few basis points higher from the close on Monday.
For the remainder of the week bonds will take their cue from the stock market as earnings season kicks off in full force this week. Intel will report after the market closes today and GE and Bank of America will report on Friday.
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