Thursday’s bond market has opened in positive territory following favorable economic data and early selling in stocks. The major stock indexes are posting sizable losses of 593 points in the Dow and 313 points in the Nasdaq. The bond market is currently up 16/32 (3.03%), which with gains late yesterday should improve this morning’s mortgage rates by approximately .250 - .375 of a discount point if compared to Wednesday’s early pricing.
16/32
Bonds
30 yr - 3.03%
593
Dow
30,435
313
NASDAQ
10,864