Dialy Financial News - Mortgage | Real Estate | Stock Market
Treasurys Mostly Higher on Stronger Dollar - CNNMoney.com -- Bond prices were mostly higher Tuesday on a stronger dollar and amid speculation that China will continue to tighten its credit policy.
The benchmark 10-year note rose 4/32 to 98-1/32, and the yield fell to 3.61% from 3.63% late Monday. Bond prices and yields move in opposite directions.
The 30-year bond fell 7/32 to 96-29/32, and its yield was 4.56%. The 2-year note edged up less than 1/32 to 100-12/32 and yielded 0.80%.
Oil Continues Its Slide - CNNMoney.com -- Oil prices fell below $75 Tuesday as concerns about global economic growth overshadowed a rebound in U.S. stock markets.
Oil prices fell in early trading, tracking losses in Asian stock markets, following reports that some Chinese banks have stopped making new loans for the rest of the month.
S&P Case-Shiller: Home Prices Lose Momentum in November - Standard and Poor's released the Case-Shiller Home Price Index this morning. On a month over month basis, home prices in 20 US cities fell 0.2% in November. The 10 city index also fell by 0.2%. On a year over year basis, the 20 city index declined 4.5% while the 10 city index fell 5.3%. While home prices are still falling on a year over year basis, this marks the 10th consecutive month of improved annual readings and the third straight month these statistics have registered single digit declines. This follows 20 consecutive months of double digit declines.
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