Posted by: cfigueira | June 14, 2010

Mortgage bond prices

Mortgage bond prices opened lower this morning erasing much of the gains from Friday afternoon. There is no data today. We have inflation data later in the week. Look for mortgage bonds to play off of stock and oil prices. Stock futures currently point to a positive open later this morning. Stocks and bonds often trade inversely, as has been clearly evident over the past few months of trading. Oil prices are higher this morning as Asian equities and the Euro are higher. The only thing currently keeping oil prices from pushing even higher are high inventories. Oil is currently around $75/barrel.

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: