6/11/10

Most rate prices improved just slightly today from yesterday’s selloff as mortgage bonds pare some losses alongside Treasuries after disappointing retail sales figures were released this morning. Bonds retreated a bit after stronger consumer sentiment data hit the wires, but have since regained momentum. Stocks too have pared earlier losses as the Dow is down about 30-points after yesterday’s rally. It’s all about risk on / risk off as the markets display their bi-polar tendencies in this environment of high volatility and day trading plays. Well it’s Friday and sunshine is forecast for the next several days—a much deserved break for us! Have a great weekend and go USA tomorrow at the World Cup! (one does have to feel sorry for England with all that debt and now the BP oil spill…).