http://MikesDailyMarketReport.com: This week is light on economic data; and today, there are none to report. Stocks are Up again today, as last week's Jobs Report was very disappointing (obviously, bad news); however, Investors are viewing this type of Bad News, as Good News (in terms of the need for Government Stimulus). The Stimulus Package, even though it will most likely be revised a bit, is gaining traction in Congress; and about ready for Senate approval. MBS started the morning lower, but has regained it's losses; and currently sitting at Unchanged levels from Friday's close. Mortgage Rates are Unchanged, as well. Yields are skyrocketing, as it's trying to blast it's way thru 2 Technical Ceilings. It's currently sitting around 1.16% range.
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