The bond market has been a see-saw affair so far this week, and today we see that continue. After a nice price improvement Tuesday bonds are lower this morning as a result of two employment reports reflecting employers have slowed layoffs and there may be light at the end of the tunnel in terms of hiring. This is a precursor to Friday’s jobs report which is expected to show the U.S. lost 60,000 jobs in July.
Mortgage prices are approximately .125% worse than Tuesday; however, interest rates on mortgages remain near historic lows.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment