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Lightest trading day of the year. Gold rallied 1. Oil gained 60 cents. Microsoft is holding a news event today. Theres chatter the tech Company Might reveal a surface mini tablet. Oprah winfreys harpo studio is sold the property in chicagos west loop was purchased for 30 Million Dollars. And, burger king is tossing out its old familiar slogan have it your way. Bks new line is be your way. Trader glen schultz joins us on Tuesday Morning for a look at the bond market. Good morning to you youre with Performance Trust and im sure youre keeping engaged as is everyone else on these bond deals which have been dropping. How low can we go here, glenn . Well i think were probably looking at the near lows of around 2 1 2 but remember we started the year with forecasters say ....
Fell 3 . Gold was unchanged. Oil sold off more than 2 dollars. Regulators are set to fine j. P. Morgan 700 Million Dollars over the london whale trading loss last year. Triple aaa reports. The nation has gone 1,000 days of gas prices above 3. 00 per gallon. And at our last check 13 people are dead following yestrdays shooting spree in dc. Glen schultz of Performance Trust joins us on the show now and glenn has the bond market priced in fed tapering . Absolutely, the bond market is priced in fed tapering. I think in the might of the bond market, tapering is all but certain. So the question really becomes how much or what degree does tapering will occur . Right now people are probably pricing in something between a 15 to 20 billion reduction in the feds purchase program. Right now, the Federal Reserve is purchasing ab ....
Trading above 104 per barrel. President obama warns russia the country could face costly sanctions over the conflict. Secretary of state john kerry travels to the ukrainan capital of kiev today. Members of the European Union call a meeting for thursday and russian president Vladimir Putin responds that he has the right to invade the ukraine. Lets get down to it with Glenn Schultz of performance trust. Hes watching the market for us today. Bring us up to date on the Market Reaction so far to the ukrainerussia situation. Right now the markets reaction has been relatively benign. We really havent seen a powerful quality trade coming into the markets yet although we have seen it somewhat. On monday evening the treasuries closed at about a 260 yieldand we did see risk as ....
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, t ....