Posted by: cfigueira | May 24, 2010

Mortgage bonds prices

Mortgage bonds prices opened positive this morning as the global economy remains in turmoil. We continue to see flight to quality buying of mortgage bonds helping erase some of the losses from Friday afternoon. The news this morning is dominated by reports of the Spanish Government taking over a regional bank. This reignites fears that contagion in Europe is spreading. There is no data today. Expect the world events to continue to factor into trading throughout the day.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: