http://MikesDailyMarketReport.com: There are no Economic data on the calendar to report today; however, there are a number of other data throughout the week that may make some impact (including PCE, GDP, Housing data, etc...). The Markets are following last week's hawkish tone set by the Fed and it's members. Stocks are in Positive Territory today after a lot of selling last week. Portfolio Managers are repositioning their assets as they head into a new Quarter. We have a few Fed Members speaking today, including Bullard whose comments disrupted the Markets on Friday. Investors may be interested in Fed Williams' thoughts, whom will be speaking later this afternoon. Currently, MBS is Down 19bps (off from much earlier lows); but, it's enough for some worsening in Mortgage Rates (compared to Friday's close). This has to do a bit with money moving from Bonds to Equities. Yields are trying to claw it's way back up and so far are just over it's Technical Ceiling (1.48%).
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