Bond Yield: Up to 3.51% @ 9:31 am

We could see the first-time home buyer’s tax credit extended as early as by the end of this week.  Continue reading…

Senate leaders are negotiating to extend and gradually reduce an $8,000 tax credit for first-time homebuyers through 2010, Senator Bill Nelson of Florida said.

How about a seasoned economist who declares the stock market is 40% over-valued?  Read on…

The U.S. Standard & Poor’s 500 Index is about 40 percent overvalued and headed for a drop as central banks pull back on securities purchases that pushed up asset prices, according to economist Andrew Smithers.

Record auction for U.S. Treasuries this week sends bond yield up and up.   Continue to article…

Treasurys fell Monday as the U.S. government readies to sell a record $123 billion worth of debt this week.

The U.S. is selling $7 billion worth of 5-year Treasury Inflation Protected Securities, or TIPS Monday. The government will also offer 2-, 5- and 7-year notes later this week.