Stock markets are under pressure this morning moving Bond prices higher as oil remains center stage. The disconnect between Mortgage Backed Securities and the 10-Year Treasury Note continues today as investors flee to the safe haven of government bonds sending Treasuries soaring and giving just a slight lift to Mortgage Bonds. Yesterday the 10-Year Note traded much higher on the day while Mortgage Bonds were unchanged in the session.
It is reported that Israel could be more likely to attack Iranian nuclear facilities this year, a U.S. Defense Department official told ABC News. An Israeli strike might be triggered by the production of enough enriched uranium at Iran’s Natanz nuclear plant to make a bomb, ABC cited the official as saying. In addition, this news is also adding pressure to Stocks around the globe.
