Good Afternoon,
Mortgage Bonds are trading higher so far today and have been pretty active.
There are no economic reports set for release today but 4th Quarter corporate earnings season kicks off today. Bonds often move opposite of stocks, and while a strong earning season is good news for the economy, it may also add pressure to Bonds. Also this week the Treasury will auction $84 Billion in new debt supply, and Bonds could face additional selling pressure if the auction results are poor.
I recommend floating for now and I will let you know if anything changes. 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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