All Attention on Housing
After a sharply lower open yesterday, stocks edged forward in the first hour and continued a steady climb throughout the day to end roughly 0.50% higher. Meantime, yields on Treasuries actually fell, with the 5-year bill ending the day 5 basis points lower at 2.40% and the 10 year note ending the day 3 basis points lower at 3.66%.
On Tuesday morning ahead of key housing data, markets are mixed but mostly sideways near yesterday's closing marks.
“So much for the doomsday scenario if health care reform was passed, as U.S. stocks, bonds and the dollar all rose yesterday â€
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