Good Afternoon,
I hope that your week is off to a terrific start. Mortgage Bonds opened the week near an important technical level while Stocks have been improving throughout the day.
There are no Treasury auctions this week but there are several important potential market movers, including the Fed Meeting and Monetary Policy Statement on Wednesday, the Jobs Report with unemployment rate figures on Friday, and an expected final vote on the extension and expansion of the first-time homebuyer tax credit.
I recommend floating for now, but I will let you know if the news of the day or technical factors require a change of course. I hope you enjoy the rest of your day. If there is ever anything that I can do for you, please let me know.
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