Bond yields are falling again this morning as the U.S. dollar finds support and is moving higher against other major fiat currencies. Commodity prices are falling on the dollar gains, including gold, silver and oil, although all remain at elevated levels.
After Monday's initial euphoria in the U.S stock markets regarding the killing of Bin Laden, equities took a breather and ended lower on the day. Pre-market, U.S. stock futures are pointing to lower opening, which is pushing investors to less risk, aka, the U.S. Treasury market.
This will be another good day to take advantage of low mortgage rates.
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