http://MikesDailyMarketReport.com: There's nothing to report on the Economid Calendar today. This week will be relatively light! The biggest data will be reported on Thursday, which will be the CPI report, as Inflation is the most important topic now! There will be a 3 year Treasury Auction today, but this shouldn't have much impact with the Markets today. Stocks are Up on Q4 Earnings Reports being released. However, MBS is Down 20bps, as Investors move investment dollars to Equities. Mortgage rates are Up, as a result. Yields continue to spike, as they test a new Technical ceiling. We're currently at 1.96% and look to challenge the 2.0% threshold sooner than later.
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