Market Update

Mortgage Bonds are trading slightly higher after bouncing off key technical support levels earlier in the trading day.

The turmoil and chaos that ensued in the streets of Greece after new austerity measures were enacted coupled with tensions in the Mideast are helping supporting Bond prices, despite a rise in the Stock markets today. However, Stock prices are off their best levels.

Leonard Winslow
Direct: 434-760-2580
943 Glenwood Station Lane, Suite 200
Charlottesville, Va. 22901
leonard.winslow@newamerican.com
web: www.newamerican.com/leonard.winslow

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