Good Afternoon,
I hope your weekend was great for your and that your week is off to a fabulous start so far.
In the markets today, Bonds were higher this morning in response to news that China, the largest holder of US debt, will continue to purchase our Bonds as part of their foreign-currency reserve policy. This good news for Bonds comes on the heels of last week's strong Treasury auction results, which showed a good foreign appetite for US Bonds.
Also this morning, Stocks are trading slightly higher and continue to do battle at their own technical ceilings of resistance.
There are no big auctions in this shortened holiday week, as all markets will be closed this Friday in observance of the 4th of July. I recommend floating for now, but be prepared to change course if the volatility makes it necessary. I hope you enjoy the rest of your day. If there is ever anything that I can do for you, please let me know.
Monday, June 29, 2009
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