The Commerce Department reported durable goods orders surged in August, topping analysts’ estimates, and over-riding the disappointing new home sales data. U.S. stock indices are sharply higher on the durable goods data, with bond prices falling for a second day. There is additional pressure on the U.S. Treasuries as the market positions itself for next weeks’ auctions. The Treasury will auction $36 billion of 2 year notes, $35 billion of 5 year notes and $29 billion of 7 year notes.
This morning mortgage prices are .250% to .375% worse than the close on Thursday.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment