U.S. stock markets began Tuesday morning with a surge that faded late in the day, resulting in a surge in bond prices. Mortgage bonds rallied along with treasuries as investors continue to seek risk adverse returns, even though those returns are sub 1.00%.
Today stocks are higher at the open with bonds flat from Tuesday’s close, but as we have seen in recent weeks the markets can be quite fickle. Mortgage prices are flat from Tuesday’s close, keeping in mind HSOA improved pricing mid-day.
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