Friday’s bond market has opened in negative territory, giving back some of yesterday’s afternoon rally. Stocks may be contributing to the weakness as they react to strong earnings news. The Dow is currently up 80 points while the Nasdaq is up 20 points. The bond market is currently down 7/32 (2.04%) but gains late yesterday should keep this morning’s rates a bit lower than Thursday’s early pricing. Many lenders revised pricing lower before the end of the day yesterday. If you saw an intraday improvement yesterday, you will likely see a slight increase this morning.
30 yr - 2.04%