The bond market is doing it for itself! A late day rally caused a much needed re-price for the better. There were no significant events that the improvement, but we will take it. Initial jobless claims declined to 330,000 last week from 336,000 the previous week. This may have investors questioning the Fed’s taper timeline. Europe might give us a boost this morning as headlines claim their economic recovery is faltering. This is on news the GDP for the Eurozone rose less than expected. Hopefully the market will remain positive today as Janet Yellen takes the stand for her confirmation hearing.
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