Money Market Recap for Feb 8

by Ron Siegel on February 8, 2010

FNMA 30-YR 4.5%

Previous close 101.375
Opened down 0.03bp @ 101.344

Economic Data:

EUR / USD  1.3678  Down   0.0001
USD / JPY   89.368  Up        0.1175
GBP / USD  1.5613  Down   0.0029

OIL     71.23      Up   0.04
Gold  1,065.00  Up  12.20

Key Economic News:

No news items today….

Advice:

With no news items to help today, we could see the market continue with last weeks rally as the dollar remains strong against foreign currencies and oil is close to the $71 per barrel range. If you’re floating, keep a close eye on the market, as it could change direction with out notice.

I would float today.

 

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