2/9/10

Most rate prices are worse today as mortgage bonds continue to slide with Treasuries ahead of today’s 3-year note auction. Bonds are under pressure this morning as the stock market bounces back with the Dow back up over 10,000 as investors are buoyed by hopes of a Greek bailout plan as well as positive comments from analysts on industrial stocks. Today we are seeing some improvement since market open as the Dow recedes below 10,000 again in back and forth trading…