Good Morning,
I hope that your day is off to a terrific start already.
In the Markets today, Mortgage Bonds are starting the day a bit lower, continuing their pullback from yesterday's intraday high.
In the news, October's Producer Price Index--which measures wholesale inflation--came in lower than expected, indicating there is no fear of inflation currently. In other economic news, Capacity Utilization and Industrial Production were reported in line with expectations.
For now, I recommend floating. But be prepared to lock if the downward momentum picks up steam. I will monitor the situation and keep you posted. In the meantime, I hope that you enjoy the rest of your day and if there is ever anything that I can do for you, please let me know.
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