Weak economic releases dominated last week’s news, supporting bond prices and low yields, and also driving down stock prices. With little data scheduled for release this holiday shortened week, stocks and bonds will trade on news related items, while keeping in mind the U.S. Treasury will auction 3 year and 10 year notes, and 30 year bonds the following week.
U.S. stock markets are rebounding this morning as are bonds. Mortgage pricing is .125% to .25% better than Friday.
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