Friday’s bond market has opened down sharply following much stronger than expected economic news. The major stock indexes are also showing sizable losses with the Dow down 244 points and the Nasdaq down 151 points. The bond market is currently down 28/32 (3.61%), but gains late yesterday are going to help limit the negative impact on this morning’s rates. If you saw an intraday improvement yesterday, you should see that move erased plus an increase of another .125 - .250 of a discount point in this morning’s rates.
30 yr - 3.61%