Tuesday’s bond market has opened down slightly to hold a good part of Friday’s late rally. Stocks are giving back some of yesterday’s rebound gains, pushing the Dow down 183 points and the Nasdaq down 283 points. The bond market is currently down 1/32 (4.03%), which should allow this morning’s mortgage rates to be approximately .125 - .250 of a discount point lower than Friday’s early pricing. The bond market was closed yesterday for the Columbus / Indigenous Peoples' Holiday.
1/32
Bonds
30 yr - 4.03%
183
Dow
45,883
283
NASDAQ
22,411