Market Comment
Mortgage Bonds are starting the day lower, while Stocks continue higher after a good day yesterday.
Pressuring Bonds and helping Stocks is good economic news about China's growth and export business. The news is having a positive effect on the global economy overall.
For now, I recommend floating. But this may change, especially with another round of Treasury auctions this afternoon and Bonds already facing a tough ceiling of resistance. I will keep you posted.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
Pressuring Bonds and helping Stocks is good economic news about China's growth and export business. The news is having a positive effect on the global economy overall.
For now, I recommend floating. But this may change, especially with another round of Treasury auctions this afternoon and Bonds already facing a tough ceiling of resistance. I will keep you posted.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
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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