Monday’s bond market has opened well in negative territory, erasing strong gains from last night. Stocks have reversed course also, rallying this morning after looking last night as if they would open with sizable losses. The Dow is currently up 330 points while the Nasdaq is up 34 points. The bond market is currently down 15/32 (1.49%), which should erase all of Friday afternoon’s intraday improvement. If you saw a change in pricing before close Friday, you will undoubtedly see an increase in this morning’s pricing, leaving rates close to Friday morning’s levels.
30 yr - 1.49%