Wow, you expect it to be up like some momo-muppet equity when it clearly is representative of the bond market? The operative word is mortgage. Do you know what beta is? Are you capable of making any post that doesn't wreak of trolling? Die, no rather survive, in a fire. Nice and toasty.
Roberts--that's actually positive, because hedging is done on treasuries. Mortgage rates crept up a little over the past few days over the debt ceiling issue, but will retreat with the bad employment situation. Layoffs and conversion of full time jobs to part time is yet underway. And the job hiring is only for part time, not full time, and the Fed acknowledged this problem (which the media hides) when the deferred on tapering.