Tuesday’s bond market has opened in negative territory as stocks rally on optimistic weekend vaccine news. The major stock indexes are showing strong gains during early trading, pushing the Dow up 559 points and the Nasdaq up 134 points. The bond market is currently down 13/32 (0.70%), which should offset strength early Friday afternoon and keep mortgage rates close to Friday’s early levels. The financial and mortgage markets were closed yesterday for the Memorial Day holiday.
30 yr - 0.70%