Bond Market Comment

Bonds continue to dance just under a dual layer of resistance. Traders will likely remain cautious and keep their eyes on the initial second-quarter corporate results due out later this week. Also in the news this week is another round of Treasury securities up for auction, totaling $73 Billion. Depending on how the sale is received by the markets, it could put pressure on Bonds. For now, Bonds are in a tough spot and may find it hard to break through the overhead resistance they face. However, Stocks may face an even tougher situation.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow