Market Comment
So far this morning, Mortgage Bonds are trading higher.
There are no economic reports due out today, but the Treasury Department will auction off $40 Billion worth of 3-Year Notes at 1 pm Eastern Time, which may move the markets depending on how it's received.
For now, I recommend floating, as I continue to monitor the markets. I will let you know if a change of course is warranted later in the day.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
There are no economic reports due out today, but the Treasury Department will auction off $40 Billion worth of 3-Year Notes at 1 pm Eastern Time, which may move the markets depending on how it's received.
For now, I recommend floating, as I continue to monitor the markets. I will let you know if a change of course is warranted later in the day.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
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