Phil Grossfield's Blog

Translation. This was my gift the other day from my boy who is turning 6 years old tomorrow:

“I love you daddy you will open this and you will see what’s inside here”

My Market Watch: Bonds Up +13bps From Yesterday’s Close.  The Fannie Mae 30-Year Bond is up +13bps from yesterday’s close.  When traders buy bonds a lender’s rates/pricing improve…it’s as simple as that.  The trend in bond trading is looking good and I’m hoping for a nice rally.  Of course, Janet Yellen speaks today and depending on what she says we could see a move one way or the other. But my gut tells me that today will be innocuous.