| May 5, 2011 4:02PM Yesterday Freddie Mac announced net income of $676 million for the quarter ended March 31, 2011, compared to a net loss of $113 million for the quarter ended December 31, 2010. The company release states Freddie had a positive net worth of 210295.2 billion on March 31, 2011. As a result, no additional funding from Treasury was required for the first quarter of 2011. This was the first profitable quarter for Freddie Mac since being taken over by the government nearly three years ago. Up until now the... May 5, 2011 4:51PM The April Employment Situation Report will be released tomorrow morning. In advance of this high-profile economic event, a wind of fundamental change appears to have swept through financial markets. Bonds have rocked the rally cap in 14 of the last 14 trading sessions and now sit at their best levels since early December. This rates rally played out even as equities continued to trend higher in the process, until recently that is. Yields eventually fell far enough that on Wednesday we alerted you...
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