Friday’s bond market has opened in positive territory despite stronger than expected economic news. The stock markets are helping to keep bonds in positive ground with early losses. The Dow is currently down 60 points while the Nasdaq has lost 18 points. The bond market is currently up 7/32, pushing the yield on the benchmark 10-year Treasury note below 2.00% (1.99%). That, along with some strength late yesterday, should lead to an improvement of approximately .125 - .250 of a discount point in this morning’s mortgage rates.