Rates Recover as Dollar Rally Weakens Commodity Stocks

Rates are staging a lackluster comeback as commodities stocks battle a strong dollar. Adding some weakness is a continued lack of liquidity in the markets. Plus health care debate rages on....much uncertainty lies ahead.

The dollar is rallying and energy shares are weighing down stocks. The S&P  is -0.52% at 1159, but finding stable ground at 1160 support.

Here is the S&P loserboard....Georgetown should be #1 on this list, but they were omitted because they are a college basketball team, not a stock. Still, I think we can make an exception. 

....and 10s are feeling some bargain buying stock lever love. Back in the 24-hour sideways trend channel after a brief bump in yields.

The FN 4.5 is now flat on the day at 100-31. This is a 9 tick improvement from the intraday low price print of 100-22 . A move back above 101-00 would warrant a reprice for the better from lenders who published rates before the opening bell range.

If you are trying to recover rebate lost but are quickly approaching a "must lock by" date, let this ride for a few more hours before pulling the trigger. More stock weakness may be on the way.