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Your daily dose of Wall Street News - Neatly Wrapped - Easy to read!
Bonds woke up angry this morning following yesterday's sell-off, and are now struggling to regain their footing and move back above an important level of support.
On the news front, Initial Jobless Claims were slightly higher than expectations and continue to be a drag on the economy. However, continuing claims fell by 148,000 to 6.69 million, which is the largest one-week drop since November of 2001.
Next week brings another round of Bond supply from the Treasury, which could weigh on the Bond market. Therefore, I recommend locking but I will let you know if Bonds are able to reverse course and muster another rally.
Today's mortgage rates are at 5.375% for the 30 year and 4.875% for the 15 year home loans.|
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Published:Wed, 17 Jun 2009 12:11:39 GMT
E-Trade Financial (ETFC) said Wednesday that it plans to raise $400 million through a common stock offering and exchange more than $1 billion in outstanding debt to help strengthe......
Published:Thu, 18 Jun 2009 05:55:00 GMT
NEW YORK (AP) — E-Trade Financial Corp. said Wednesday it plans to raise $400 million through a common stock offer and exchange more than $1 billion in outstanding debt to help ......
Published:Wed, 17 Jun 2009 15:41:47 GMT
June 17 (Bloomberg) -- E*Trade Financial Corp. , the online brokerage that’s lost money for seven consecutive quarters, said it will sell $400 million in stock to investors and ......
Published:Wed, 17 Jun 2009 14:26:24 GMT
June 17 (Bloomberg) -- E*Trade Financial Corp. , the online brokerage that’s lost money for seven consecutive quarters, said it will sell $400 million in stock to investors incl......
Published:Wed, 17 Jun 2009 13:08:41 GMT
Chicago-based hedge fund Citadel Investment Group LLC could buy as much as $100 million of stock in E*Trade Financial Corp., the online brokerage said Wednesday.......
