Fannie 3.5%: Nice little trading pennant, the chart appears to want to go higher. We discussed the immediate 103.00 target yesterday, and I wouldn't be surprised to see it achieved today.
10 Yr Treasury 1.95: The 10 Yr popped above 2% on ADP (+325,000 private sector jobs) and an Initial Jobless Claims beat (surprise! /sarcasm on), but is coming back to earth on European news, more on that...
Euro: The Euro is sinking like a stone at 127.97...very disturbing news coming from Europe...D-Day for Greece appears to be March, link, and now the current Greek bailout package has been delayed until, you guessed it, March link . The only word that comes to mind is FUBAR. A massive game of chicken. Add on top of that, we have the halting of trading on Italian banks just now occurring, link
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