Mortgage rates eased off some. The 30year fell to 4. 29 . The 15year dropped to 3. 39 . Rates rose dramatically above 4 a couple of weeks ago on fears the fed was closer to ending its bondbuying program thats been stimulating the econony. Here to give us a glimpse of todays trading action, glen schultz of performance trust. Good morning to you. Good morning. What are you seeing from the big bond funds . Are the big guys nervous here . Well what we have seen in terms of the big bond funds over the last two weeks as Interest Rates have trended up, is we have seen a lot of withdrawals coming out of those funds, and we have seen those portfolio managers, big bond fund managers, out reassuring their clients that the worst, in terms of the upward trend in rates, is behind them. So if we see rates stabilize here, then perhaps redemptions are going to slow or stabilize. If, on the other hand, we continue to see an upward trend in rates, then redemptions are probably going to continue at their
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