Rate Watch 5-25-2010

Cautiously Floating:
Mortgage Backed Securities are enjoying an up day at the expense of stocks. Stocks were down 300 points earlier in the session but have clawed their way back and are currently down 200 points. The DOW is currently at 9,902. Crude oil is down @ $68.15 per barrel on the strengthening US Dollar. Fears of the escalating conflict in Korea, the ongoing financial situation in Europe, and renewed concerns that China is tapping on the financial breaks are all weighing on Stocks and helping Treasury Bonds and MBS this morning. Instant worldwide market reaction to the good or bad news of the day is typical of the current investment landscape. I will continue to monitor the situation. Please contact me if you have any questions 801 668 2112.