FNMA 4.5% closed UP 19 bps...so rates steady in the high 4%/low 5% range for 30 year fixed money.
Dow was UP 204 points again today putting the number well over 10,000.
Health Care Bill passed in the house to go on to the senate. Yikes. We will have to see where that goes. See comments I have made on this by going to
www.chadcan.com and searching "health care".
Dollar Bill Blues: The US dollar fell to 15 month lows today against other currencies and energy futures were up. Gold closed up the session at just over $1100 an ounce. Here is a decent article with more on that:
40 billion in T-notes were auctioned off and received well by the markets today which provided some lift to the bond market. 25 billion in 10 year T-notes will be auctioned off tomorrow.
The G20 notes from the day suggested that investors should be getting away from investments in the US dollar today.
What is the G20 though? It boils down to a group of smarties who get together every year to talk matters of economy. Check this great what is it website for more info:
http://www.g20.org/about_what_is_g20.aspx
Chad
