http://MikesDailyMarketReport.com: There's no data to report today on the Economic Calendar, so we take our queu from Geo-Political events (China) and Q1 Corporate Earnings Reports. Stocks are trading in Mixed Territory, as many of the indices have reached their Peak, and the rest are very close to reaching it. China and US will reconvene their meetings next week (the 30th). Also, there are concerns that China may pull back on their current Stimulus, as they seem to be pleased with the Q1 results. MBS is UP 11bps, so coupled with yesterday's positive trades, Mortgage Rates have Improved today. Yields have slid to 2.53%.
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