Tuesday’s bond market has opened in positive territory despite stronger than expected inflation news. Stocks are also in positive ground with the Dow up 108 points and the Nasdaq up 31 points. The bond market is up 7/32 (4.45%), which should erase weakness from late yesterday and keep this morning’s mortgage rates close to Monday’s early pricing.
7/32
Bonds
30 yr - 4.45%
108
Dow
39,539
31
NASDAQ
16,419