VIX up Mortgage Interest Rates Down Due to Flight to Security
Stocks are still dealing with yesterday's sovereign debt/jobs data/panic induced weakness. The S&P is currently -0.14% at 1060.
The dollar is holding onto yesterday's FLIGHT TO QUALITY rally, currently +0.46% at 80.283. (Global debt fears sent funds into the safest currency yesterday...yeh THATS RIGHT..KING DOLLAR!!! Last time I quote Larry Kudlow, I promise)
The 10 year Treasury note is trading above yesterday's levels
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