Treasury Yields Soar Following Stronger Than Expected Jobs Data forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Treasuries have moved sharply higher over the past several sessions but showed a substantial move back to the downside during trading on Friday. Bond prices plummeted early in the day and remained firmly negative throughout the session.
Mortgage Applications Fell 5.2 Percent as Average Rate for 30-Year Hovers Above 7 Percent mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.
BofA is betting the Federal Reserve will make only one cut to the federal funds rate by the end of this year. MBA says originators are in for a $1.6 to $1.8 trillion year.