Good Afternoon,
Mortgage Bonds are starting the week modestly higher. Prices continue to battle resistance at highs last seen in late May.
This week brings another round of Treasury auctions, and as we have seen in the past, this could shake up the markets. Also, former Fed Chairman Alan Greenspan said he sees unemployment rising beyond 10%, yet he advised against a second massive stimulus package, as he fears the long-term negative consequences.
I recommend Floating for now, but be ready to Lock should sentiment change. 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, October 5, 2009
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