Rates closed lower today.  The 10-year Treasury closed at 4.634% which was -.039% compared to Friday’s closing price.

The bond market was not driven by economic data.  There was only one item out this morning; the Leading Economic Indicators.  It was forecast at +0.3% to +0.5%.  It was reported at +0.4%. 

The bond market trended with the stock market for the trading day.  Most of the wires credited today’s sell of in the stock market with concerns that the FED’s actions of late last week.

Steve Boxmeyer [612] 799 – 6858

steve@LendWithIntegrity.com