Friday’s bond market has opened in negative territory with little to drive trading other than early stock gains. Stocks are looking to close the week on a positive note, pushing the Dow up 169 points and the Nasdaq up 94 points. The bond market is currently down 4/32 (2.85%), but a little strength late yesterday should allow this morning’s mortgage rates to be approximately .125 of a discount point lower than Thursday’s morning pricing.
4/32
Bonds
30 yr - 2.85%
169
Dow
31,422
94
NASDAQ
11,483