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Archive for September, 2010

Robert Kiyosaki Suze Orman And The Money Merge Account Celebrity Death Match

I seriously think Bob and Suze need to put on the boxing gloves step into the ring together and have it out…

Here you have two extremely popular mainstream “Pop culture” financial advisor icons spouting their own versions of “financial freedom” and the “truth about debt”.

They both sit at the opposite ends of the spectrum in their views on money Debt and investments…

So who is right?…Who is wrong?

Personally I dislike them both….More accurately I dislike both of their methods and advice….But if I had to pick I probably would sit on the “more conservative” side and go the Suze Orman route.

Although I do think Suze is most of the time just spouting a bunch of “good sounding” generalities that seem like common sense.

I think Suze speaks with her certainty and forceful confidence more as a selling point for all the “Koolaid” drinkers out there that listens and follows anyone that speaks with enough confidence…

Don’t get me wrong some of her advice is sound and just plain common sense but I just think sometimes she speaks about things that she really has little knowledge of especially when it comes to Mortgages and loan programs and indices that certain loans may be tied to and why that is important….

Suze over compensates and errors on the side of caution to protect her reputation and the “koolaid” drinkers she markets her wares to…. I can understand this approach but this does not mean I agree with her advice even 25 of the time.

I can appreciate Suze Ormans tendency to be a little financially conservative but sometimes I think she participates in a little “Financial Fear Mongering” on topics she obviously knows “little” about…specifically Mortgages.

Robert Kiyosaki on the other hand almost borders on “financial reckless abandon”. He advocates the approach to run up debt to increase cash flow and to use the liquidity from running up debt to make investments.
Mr. Kiyosaki is a believer in the mindset which a lot of your more traditional Financial planners out there share that you should always have a mortgage on your home and be taking the tax benefits…

Robert also seems to like the idea of taking an “Option Arm” program and doing the minimum “Neg Am” payment and investing the difference of what you would be paying towards a more traditional type 30 year fixed mortgage.

I can’t even begin to express how much I shudder at the advice Mr. Kiyosaki gives…What is scary is a lot of “mainstream” financial planners agree with him.

Me well…I tend to fall more in the middle between Suze and Robert. I believe most people probably fall in this “middle” area.

First I think you should always focus on completely paying off the mortgage on your primary residence as quickly as you possibly can. Forget about the tax benefits that come from having a Mortgage…Why the heck would you pay a bunch of interest upfront just so you can write off the interest on your taxes and hope you can get a bigger tax return at the end of the year?…Just does not make sense to me…Why not just remove this complete waste of time from the equation all together and just pay off your mortgage as quickly as you can….Not too mention that the IRS can decide to pull any tax benefit on owning a home at anytime…I just don’t like putting that control in someone else’s hands….How about you?

Second Why the heck would you take a “Neg Am” mortgage on your primary residence make the minimum payment and invest the difference?…Now if you have the strict discipline to be able to invest the difference this might actually work but at best the problem still remains that you are still gambling on the future performance of what the market is going to do that you are investing in.

Do you realize that by “Contract” the most a financial planner can guarantee as a return on your money is 3? Now do the math when it comes to doing a “Neg Am” payment and investing the difference and see if this approach is really that good of an idea.

Personally I like to have control and NOT put my “faith” in anything if I don’t have to especially when it comes to money and the future security to my family and me…But thats just me…I’ve been called a ‘Control Freak” more than a few times in my life.

This is why I like the “Money Merge Account” MMA method of paying off your first mortgage as quickly as possible without affecting your monthly cash flow.
What is an MMA?

The Money Merge Account consists of three major components:

1. Your Existing Primary mortgage

The existing mortgage on your home is the foundation for the Money Merge Account.

2. An Advanced Line of Credit ALOC same thing as a 2nd position Home equity line of Credit

The MMA Program uses an advanced equity line of credit as a vehicle or a tool to drive the program. The equity line of credit must have the capacity to operate similar to a primary checking account and be set up with an openend interest calculation vs. a closedend interest calculation. Combined with the MMA webbased system this creates a formula in which the money in your line of credit account generates an interest cancellation on your primary mortgage.

3. MMA software

The online MMA system makes a connection between your bank account the advanced line of credit and your primary mortgage. Each time you deposit income into your account it registers as a decrease to your mortgage balance. By decreasing your mortgage balance you now lower the balance in which interest accrues. By decreasing the balance in which interest accrues you increase the portion of your monthly payment which is credited toward your principal pay down. The algorithms in the proprietary MMA system are systematically programmed to create the highest interest savings possible in the least amount of time.

In short an MMA is basically getting a smaller second position “Home Equity Line Of Credit” or HELOC on your home and use this HELOC as you would use your regular checking account by cycling your income through it direct deposits and what not. Since HELOCs use “open ended” interest calculations you can use this to your advantage by canceling the interest on the “Closedended” interest calculations on your current “first” mortgage and making some accelerated and “compounded” principle paydowns in the process.

A HELOCs payment is also based on an “Interest Only” calculation on what ever the average daily balance is of the Line of credit. It is assumed if you are cycling your income through this line of credit not only is the HELOC payment automatically made for you but the amount of interest that is charged is minimal because you are constantly keeping the total drawn amount on the line at a very low level. Compare this concept to a fixed second mortgage and see what you come up with…Go ahead do the math.

You always will have access to your income and cash flow based on the HELOC being an open ended line of Credit that you can draw upon at anytime.

You get the best of both worlds using this approach. You get to pay off the biggest debt you will probably ever have your home in less than half the time and you still have access to your cash to invest as you would like to so you do not miss any great investment opportunity that may come along.

Using a “Money Merge Account” MMA as a financial planning tool gives you back control. It is a known as opposed to an unknown which is the territory that most “traditional” Financial planners roam.

Now using the MMA concept does take some discipline. It does you NO justice to constantly run up the MMA account on frivolous purchases that you would not normally make if you did not have the MMA.

Your Home is NOT a credit card and an MMA should NOT be the vehicle to treat your home like a credit card. But with this being said I challenge you to compare this level of discipline that is required to effectively use the MMA against the discipline that is required using a “Neg am” option ARM type payment loan and investing the difference which is spouted by Mr. Kiyosaki and some of your more main stream financial planners.

Now because I personally like the MMA concept this is where I diverge from not only from Robert Kiyosaki but Suze Orman as well.

Hell I remember Suze Orman spouting here usual “fear mongering” about the dangers of “Home Equity Lines of Credit” HELOCs saying that if you miss a payment on a HELOC you will lose your home. Jeesh that’s a little bit of an exaggeration.

The problem people run into when they use HELOCs is that they tend to treat them like a credit card secured by their home. This is the absolute wrong approach and is nothing what the MMA method advocates.

So back to the original question…Who is right who is wrong?…

If you’d ask me I would say Both Robert and Suze are wrong because they are not understanding the “wide scope” implication of what they preach to the masses.

I would also say there are certain financial concepts that both are unaware of that they might actually both agree with.

Not everyone will fit into any “cookie cutter” financial plan. A lot of it comes down to style comfort levels discipline and personal financial tolerance…in essence “Different Strokes for Different Folks…”

My only point is not to believe anyone “blindly” just because they may be popular or speak with confidence. Investigate for yourself what may be the BEST course of action for you based on your own personal financial situation and goals…

In the mean time I will see if I can arrange that Celebrity death match between Robert and Suze You interested in buying tickets to watch?….. ;

About the writer:  Keith Gill is a Successful Certifed Mortgage Consultant and Loan Officer for a major mortgage bank. If you would like to Contact Keith or learn more about the “Money Merge Account” method of paying off your current 30 Year Mortgage in less then ten years just got to http://www.LoanAcceleration.net.

Neel Kashkari

Daily Market Commentary for November 19 2008 from MillenniumTraders.Com

Interim Assistant Secretary Neel Kashkari Remarks on Implementation of the Emergency Economic Stabilization Act: read more
http://www.millenniumtraders.com/news/newscommentary.aspx

Economic data released today:

Consumer Price Index:
U.S. October Consumer Prices fell 1.0 percent as compared to consensus of a drop by 0.8 percent; U.S. October CPI ExcludingFood amp; Energy fell 0.1 percent as compared to consensus of an increase by 0.1 percent; U.S. October CPI Unrounded fell 0.961 percent; U.S. October CPI Core fell 0.071 percent; U.S. October CPI Energy Prices fell 8.6 percent; U.S. October CPI Food Prices increased by 0.3 percent; U.S. Real Average Weekly Earnings increased by 1.4 percent during October.

Housing Starts:
U.S. October Housing Starts fell 4.5 percent to 791000 as compared to consensus of a drop by 4.7 percent; Building Permits fell 12.0 percent to 708000 Rate in October; September Housing Starts Revised to a drop by 3.0 percent from a drop by 6.3 percent.

FOMC Minutes:
FOMC Minutes Signal Fed open to more rate cuts; Economy to contract in second half 2008 first half 2009; Inflation likely to diminish in coming quarters.

At the NYSE closing bell on the New York Stock Exchange here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW Dow Jones Industrial Average triple digit loss of 427.55 points to end the trading session at 7997.20
NYSE New York Stock Exchange triple digit loss of 353.66 points to end the trading session at 5012.00
National Association of Securities Dealers Automated Quotations NASDAQ loss of 96.85 points to end the trading session at 1386.42
Samp;P 500 SPX loss of 52.49 points to end the trading session at 806.63
FTSE AllWorld Index data excluding U.S. AW01UK loss of 5.78 points to end the trading session at 132.71
FTSE RAFI 1000 triple digit loss of 203.75 points to end the trading session at 3065.85
BEL 20 BEL20 loss of 85.66 points to end the trading session at 1945.30
CAC 40 CAC40 triple digit loss of 129.51 points to end the trading session at 3087.89
FTSE100 UKX100 triple digit loss of 203.75 points to end the trading session at 4005.68
NIKKEI 225 NIK/O loss of 55.19 points to end the trading session at 8273.22

New York Stock Exchange NYSE stock market indicators for the trading session today:
Advanced stock prices 214 declined stock prices 3000; unchanged stock prices 39; stock prices hitting new highs 3 and stock prices hitting new lows 849. NYSE quotes for volatile stocks and market trends as well as stock quotes stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Best Buy Company Incorporated NYSE: BBY stock price shed 2.39 points on the trading session high on the trading session 20.54 low on the trading session 17.52 with a closing stock price at 18.58; PhilipsVan Heusen Corporation NYSE: PVH stock price shed 0.51 points on the trading session high on the trading session 18.10 low on the trading session 15.00 with a closing stock price at 15.00; Genesco Incorporated NYSE: GCO stock price shed 6.22 points on the trading session high on the trading session 15.99 low on the trading session 10.80 with a closing stock price at 11.40; Royal Caribbean Cruises Limited NYSE: RCL stock price shed 1.65 points on the trading session high on the trading session 9.45 low on the trading session 7.78 with a closing stock price at 7.85; Ultrashort Financial ProShares Corporation NYSE: SKF stock price gained 39.24 points on the trading session high on the trading session 226.45 low on the trading session 186.31 with a closing stock price at 222.83; Goldman Sachs Group Incorporated NYSE: GS stock price shed 6.85 points on the trading session high on the trading session 63.45 low on the trading session 54.54 with a closing stock price at 55.18; Sunoco Incorporated NYSE: SUN stock price shed 4.83 points on the trading session high on the trading session 36.14 low on the trading session 32.00 with a closing stock price at 33.20; ProShares UltraShort MidCap400 NYSE: MZZ stock price gained 17.15 points on the trading session high on the trading session 131.33 low on the trading session 112.33 with a closing stock price at 131.05; CME Group Incorporated NYSE: CME stock price shed 15.58 points on the trading session high on the trading session 188.44 low on the trading session 170.88 with a closing stock price at 171.33; SL Green Realty Corporation NYSE: SLG stock price shed 6.33 points on the trading session high on the trading session 23.20 low on the trading session 16.22 with a closing stock price at 17.73; Rio Tinto NYSE: RTP stock price shed 15.69 points on the trading session high on the trading session 147.71 low on the trading session 129.90 with a closing stock price at 129.90.

National Association of Securities Dealers Automated Quotations NASDAQ stock market indicators for the trading session today:
Advanced stock prices 325; declined stock prices 2571; unchanged stock prices 101; stock prices hitting new highs 3 stock prices hitting new lows 823. NASDAQ quotes volatile stocks and market trends as well as stock quotes stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Insteel Industries Incorporated NasdaqGS: IIIN stock price gained 0.06 points on the trading session high on the trading session 8.33 low on the trading session 7.61 with a closing stock price at 7.70; First Solar Incorporated NasdaqGS: FSLR stock price shed 8.91 points on the trading session high on the trading session 107.40 low on the trading session 100.00 with a closing stock price at 101.65; Baidu.com Incorporated NasdaqGS: BIDU stock price shed 16.76 points on the trading session high on the trading session 133.22 low on the trading session 111.00 with a closing stock price at 112.00.

Market trends on the American Stock Exchange AMEX and stock market indicators for the trading session today:
Advanced stock prices 197; declined stock prices 609; unchanged stock prices 69; stock prices hitting new highs 2 and stock prices hitting new lows 132.

Chicago Board of Trade Futures Market activity for the day at time of this posting for December 2008 Contracts:
Emini Samp;P 500 ES end of trading session price 862.50. 57.75
Emini NASDAQ100 NQ end of trading session price 1166.75 85.75
Emini DOW 5 YM end of trading session price 7995 499
Emini Samp;P MidCap 400 end of trading session price 451.50 change 8.50
Emini Samp;P SmallCap 600 SMP end of trading session price 222.40. 18.10

World Currencies for the Forex Market for Forex Trading by active Forex Traders at time of this posting:
Euro 0.7989 to U.S. Dollars 1.2517
Japanese Yen 95.790 to U.S. Dollars 0.0104
British Pound 0.6680 to U.S. Dollars 1.4971
Canadian Dollar 1.2536 to U.S. Dollars 0.7977
Swiss Franc 1.2120 to U.S. Dollars 0.8251

Commodity Markets:
Energy Sector: Light Crude NYMEX: NYM shed 0.77 on the trading session for a closing price of 53.62 a barrel US per barrel
Heating Oil NYMEX: NYM no change on the trading session for a closing price of 1.77 a gallon US per gallon
Natural Gas NYMEX: NYM gained 0.21 on the trading session for a closing price of 6.81 per million BTU US per mmbtu.
Unleaded Gas NYMEX: NYM shed 0.03 on the trading session for a closing price of 1.11 a gallon US per gallon

Metals Markets:
Gold Market Price COMEX: CMX gained 3.30 on the trading session for a closing price of 736.00 US per Troy ounce
Silver COMEX: CMX shed 0.24 on the trading session for a closing price of 9.31 US per Troy ounce
Platinum NYMEX: NYM shed 13.30 on the trading session for a closing price of 823.70 US per Troy ounce
Copper COMEX: CMX shed 0.06 on the trading session for a closing price of 1.61 US per pound

Livestock and Meat Markets cents per lb.:
Lean Hogs Chicago Mercantile Exchange: CME gained 0.70 on the trading session for a closing price of 62.90
Pork Bellies Chicago Mercantile Exchange: CME gained 0.10 on the trading session for a closing price of 84.60
Live Cattle Chicago Mercantile Exchange: CME shed 2.45 on the trading session for a closing price of 85.15
Feeder Cattle Chicago Mercantile Exchange: CME shed 1.40 on the trading session for a closing price of 89.85

Other Commodities cents per bushel:
Corn Chicago Board of Trade: CBT shed 1.00 on the trading session for a closing price of 395.50
Soybeans Chicago Board of Trade: CBT shed 4.50 on the trading session for a closing price of 898.00

Bond Market:.
2 year bond gained 4/32 on the trading session for a closing price of 100 26/32 with a Yield of 1.08 Yield Change 0.05
5 year bond gained 21/32 on the trading session for a closing price of 103 16/32 with a Yield of 2.05 Yield Change 0.14
10 year bond gained 1 16/32 on the trading session for a closing price of 103 9/32 with a Yield of 3.35 Yield Change 0.18
30 year bond gained 2 31/32 on the trading session for a closing price of 109 16/32 with a Yield of 3.94 Yield Change 0.16

Thanks for reading
MillenniumTraders.Com
http://www.millenniumtraders.com

About the writer:  After helping thousands of Australians with their financial problems we’ve gained great experience and insight into the everyday persons money problems. We know what its like when both your wallet and your stomachs empty. Our company Payday Cash Loan not only provides shortterm loans to Australians we also write articles sharing our financial solutions and tips so you can take control of your finances and reach the ultimate goal financial freedom.

How Much Is A Billion Dollars?

Daily Market Commentary for November 10 2008 from MillenniumTraders.Com

Its amazing how many billions and billions of dollars were given to AIG courtesy of the U.S. Treasury Department and the citizens of the United States. read more
http://www.millenniumtraders.com/news/newscommentary.aspx

U.S. Conference Board: October Employment Trends Index fell by 1.8 percent to 105.3; and U.S. Conference Board September Employment Trends Index revised to 107.2 from 108.4.

Economic data released today: n/a

At the NYSE closing bell on the New York Stock Exchange here is how the major world indices and major U.S. stock indices ended the session on the world market as well as the emerging markets including the stock market closing bell price:
DOW Dow Jones Industrial Average loss of 73.27 points on the day to end the trading session at 8870.54
NYSE New York Stock Exchange loss of 69.93 points to end the trading session at 5802.05
National Association of Securities Dealers Automated Quotations NASDAQ loss of 30.66 points to end the trading session at 1616.74
Samp;P 500 loss of 11.78 points to end the trading session at 919.21
FTSE AllWorld excluding U.S. gain of 0.25 points to end the trading session at 151.98
FTSE RAFI 1000 loss of 74.48 points to end the trading session at 3524.21
BEL 20 BEL20 gain of 31.30 points to end the trading session at 2187.89
CAC 40 CAC40 gain of 36.63 points to end the trading session at 3505.75
FTSE100 UKX100 gain of 38.96 points to end the trading session at 4403.92
NIKKEI 225 NIK/O triple digit gain of 498.43 points to end the trading session at 9081.43

New York Stock Exchange NYSE stock market indicators for the day:
Advanced stock prices 1012 declined stock prices 2165; unchanged stock prices 85; stock prices hitting new highs 5 and stock prices hitting new lows 149. NYSE quotes for volatile stocks and market trends as well as stock quotes stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MBIA Incorporated NYSE: MBI stock price shed 0.89 points on the trading session high on the trading session 8.39 low on the trading session 6.90 with a closing stock price at 7.09; American Electric Power Company NYSE: AEP stock price shed 0.66 points on the trading session high on the trading session 31.49 low on the trading session 29.71 with a closing stock price at 30.21; Consolidated Edison Incorporated NYSE: ED stock price shed 2.81 points on the trading session high on the trading session 41.48 low on the trading session 39.00 with a closing stock price at 39.32; Simon Property Group Incorported NYSE: SPG stock price shed 6.94 points on the trading session high on the trading session 68.24 low on the trading session 60.05 with a closing stock price at 61.01; Proshares Ultrashort NYSE: EEV stock price shed 3.19 points on the trading session high on the trading session 86.80 low on the trading session 76.20 with a closing stock price at 82.65; Rio Tinto NYSE: RTP stock price gained 4.89 points on the trading session high on the trading session 183.47 low on the trading session 169.28 with a closing stock price at 172.24; Fluor Corporation NYSE: FLR stock price shed 1.32 points on the trading session high on the trading session 43.93 low on the trading session 38.94 with a closing stock price at 39.71; Goldman Sachs Group Incorporated NYSE: GS stock price shed 6.57 points on the trading session high on the trading session 79.22 low on the trading session 68.51 with a closing stock price at 71.21; CME Group Incorporated NYSE: CME stock price shed 26.12 points on the trading session high on the trading session 277.00 low on the trading session 237.01 with a closing stock price at 242.93; Ultrashort Financial ProShares Corporation NYSE: SKF stock price gained 10.57 points on the trading session high on the trading session 153.81 low on the trading session 131.71 with a closing stock price at 148.42; Potash Corporation Saskatchewan NYSE: POT stock price gained 1.06 points on the trading session high on the trading session 87.37 low on the trading session 80.58 with a closing stock price at 81.63; MasterCard Incorporated NYSE: MA stock price shed 4.88 points on the trading session high on the trading session 153.60 low on the trading session 140.33 with a closing stock price at 142.85; Transocean Incorporated NYSE: RIG stock price gained 0.48 points on the trading session high on the trading session 80.50 low on the trading session 75.56 with a closing stock price at 77.5.59.

National Association of Securities Dealers Automated Quotations NASDAQ stock market indicators today:
Advanced stock prices 858; declined stock prices 1993; unchanged stock prices 110; stock prices hitting new highs 7; stock prices hitting new lows 210. NASDAQ quotes volatile stocks and market trends as well as stock quotes stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Whole Foods Market Incorporated NasdaqGS: WFMI stock price shed 0.38 points on the trading session high on the trading session 10.38 low on the trading session 9.50 with a closing stock price at 9.67; Google Incorporated NasdaqGS: GOOG stock price shed 12.81 points on the trading session high on the trading session 329.44 low on the trading session 309.47 with a closing stock price at 318.33.

Market trends on the American Stock Exchange AMEX and stock market indicators for today:
Advanced stock prices 404; declined stock prices 452; unchanged stock prices 75; stock prices hitting new highs 42 and stock prices hitting new lows 32.

Chicago Board of Trade Futures Market activity for the day at time of this posting for December 2008 Contracts:
Emini Samp;P 500 ES end of day price 919.00 change 2.50
Emini NASDAQ100 NQ end of day price 1262.00 change 5.50
Emini Samp;P SmallCap 600 SMP end of day price 264.20 change 0.00
5 DJIA YM end of day price 8866 change 21

World Currencies for the Forex Market for Forex Trading by active Forex Traders at time of this posting:
Euro 0.7855 to U.S. Dollars 1.2730
Japanese Yen 97.950 to U.S. Dollars 0.0102
British Pound 0.6405 to U.S. Dollars 1.5612
Canadian Dollar 1.1980 to U.S. Dollars 0.8347
Swiss Franc 1.1793 to U.S. Dollars 0.8480

Commodity Markets:
Energy Sector: Light Crude NYMEX: NYM gained 1.37 on the day for a closing price of 62.41 a barrel US per barrel
Heating Oil NYMEX: NYM gained 0.03 on the day for a closing price of 2.01 a gallon US per gallon
Natural Gas NYMEX: NYM gained 0.45 on the day for a closing price of 7.42 per million BTU US per mmbtu.
Unleaded Gas NYMEX: NYM gained 0.02 on the day for a closing price of 1.37 a gallon US per gallon

Metals Markets:
Gold Market Price COMEX: CMX gained 12.30 on the day for a closing price of 746.50 US per Troy ounce
Silver COMEX: CMX gained 0.26 on the day for a closing price of 10.22 US per Troy ounce
Platinum NYMEX: NYM gained 7.90 on the day for a closing price of 859.90 US per Troy ounce
Copper COMEX: CMX gained 0.06 on the day for a closing price of 1.75 US per pound

Livestock and Meat Markets cents per lb.:
Lean Hogs Chicago Mercantile Exchange: CME shed 0.40 on the day for a closing price of 55.00
Pork Bellies Chicago Mercantile Exchange: CME shed 1.90 on the day for a closing price of 84.20
Live Cattle Chicago Mercantile Exchange: CME shed 0.15 on the day for a closing price of 92.65
Feeder Cattle Chicago Mercantile Exchange: CME shed 0.35 on the day for a closing price of 98.88

Other Commodities cents per bushel:
Corn Chicago Board of Trade: CBT gained 9.50 on the day for a closing price of 385.00
Soybeans Chicago Board of Trade: CBT gained 27.00 on the day for a closing price of 948.00

Bond Market:
2 year bond gained 4/32 on the day for a closing price of 100 14/32 with a Yield of 1.26 Yield Change 0.07
5 year bond gained 9/32 on the day for a closing price of 101 9/32 with a Yield of 2.50 Yield Change 0.04
10 year bond gained 7/32 on the day for a closing price of 101 31/32 with a Yield of 3.75 Yield Change 0.03
30 year bond gained 28/32 on the day for a closing price of 104 27/32 with a Yield of 4.21 Yield Change 0.05

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About the writer:  Lara Sawyer is a professional loan advisor used to solving bad credit problems and helping people secure home loans carloans personal loans unsecured credit cards home equity loans refinance mortgage loans and plenty of other financialproducts. Whether you want to learn more about Fast Bad Credit Personal Loans and Bad Credit Personal Unsecured Loans or find information about other loan types just visit: http://www.fastguaranteedloans.com/