Good Morning!
Here's to a terrific start to your week.
In the Markets today, after a 4-week rally higher, Stocks are a little lower this morning, which is helping Mortgage Bonds trade higher so far. That is certainly welcome news to the start of the week.
Despite a number of economic reports this week as well as the Fed Policy announcement on Wednesday, the big news could be the Treasury auctions. If the buying of Treasuries is strong, we could see a nice improvement in Mortgage Bonds. However, a poor showing could cause the Bond market to suffer further.
For now, Bond prices are trading modestly higher. Therefore, I recommend floating. I will let you know if a change of course is needed.
Last week was certainly filled with much market volatility -- a roller coaster for sure. If you are in need of real time updates on the markets as well, feel free to follow me on Twitter as well @MortgageMinute In the meantime, I hope your day is great for you. If there is ever anything that I can do for you, please let me know.
No comments:
Post a Comment