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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: J. P. who wrote (11960)7/31/2003 3:29:00 PM
From: Jim McMannisRespond to of 306849
 
Yep, but the TNX backed off a little on the close. yield finished up .159. Only a 3.68% gain on the day.

I dunno whats going on other than people are dumping bonds and some of the money is goin into stocks.

Have had a few calls from mortgage brokers today. Seems they have some time on their hands and are looking at an angle or damage control...

Jim



To: J. P. who wrote (11960)8/1/2003 9:16:22 AM
From: J. P.Respond to of 306849
 
Yields flying up already, up .51 and climbing fast. 4.5 seemed to be line in the sand, but it's gone through that like butter. Somewhere around 4.5 was also the breakout from the long standing down trend.

finance.yahoo.com^TNX

This is interesting, very interesting. This could be the catalyst for a derivative blowout somewhere.