Rate Watch 12-12-2008

Alert to Lock!
Extreme volatility in the interest rate markets. Crude oil at $44.61/barrel down $3.36. Stocks fall after auto news but off worst levels. Bank of America plans to cut 30,000 workers. Top Wall Street broker Madoff accused of $50 billion ponzi scheme. White House says possible use of TARP funds can be used for car makers. Producer Prices and Retail Sales come in near expectations. Bonds prices fall even further but recover back to down slightly. Bunch of economic data set to be released today.