Maarket commentary

Monday morning and no economic data releases scheduled for today. The Asian stock markets were nervous overnight on the news of North Korea’s Kim Jong Il, and the markets are also digesting the credit downgrades of several European countries. U.S. Treasury prices are flat to Friday’s close as are mortgages. The yield on the 10 year note is trading at 1.85%, the previous low yield in the midst of the Euro crisis.