Thursday, December 18, 2008

Hmmm, any gains that we had are now gone. Rates didnt look as good this morning as they did yesterday morning. but we had a wild ride yesterday afternoon.

"After all the big Fed news from earlier this week, Bonds began the day on the quiet side as they attempt to regain some of yesterday's losses.

Meanwhile, the Job market continues to struggle. The four-week average of new Jobless Claims reached the highest level since December 1982, while the four-week average of continuing Claims is the highest since January 1983.

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