Good Morning,
In the markets today, Bonds are attempting to hold on to their gains this morning in advance of two big events coming up this afternoon. At 1 o'clock Eastern Time, the results of the $23 Billion auction of 10-year Notes will be released. Then at 2:15, the Fed will issue its Policy Statement after its two-day Fed Meeting.
The news from the Fed will be both multi-faceted and potentially market moving. Any hints of inflation and hikes could cause the market to swing in one direction. However, news of Bond purchases could cause an opposite reaction.
I recommend floating as of now, but be prepared to change course if the action heats up this afternoon. If the situation changes, I will certainly let you know. In the meantime, I hope that you have a great rest of your day. If there is ever anything that I can do for you, please let me know.
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