Rates made a dramatic comeback on Thursday and Friday after jumping up early in the week. Last week in this newsletter, I boldly (foolishly?) stated that perhaps we had reached a plateau and the markets would catch their breath. Imagine my surprise on Tuesday when the Mortgage-Backed Security (MB
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12/23/2010
December started with a bang on Wall Street, at least for the equity markets. (Oh and also for the DUCKS!) That stampede has cost more ground in the bond market and led to some additional leakage in interest rates. This, despite news that should (and did temporarily) really move interest rates do
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12/07/2010