December 3rd, 2010 3:45 PM by BILL WILBANKS
The 10yr busted through 3.00% after hitting 2.91% this AM after the jobs numbers were published. Lenders are micro managing their pricing sheets in the midst of one of the craziest market days I've seen in a long time. The unemployment numbers tanked and hit 9.8% today and so the stock market goes up? Both should have driven down on this kind of news. Everything is in reverse of what we would expect. Glad it's the weekend. How long can this go on? The next news report on some rumor is as instrumental as anything else any more!