Market Comment
The US Bond market continues to attract buying interest as a safe haven from the ongoing problems in Europe.
Helping Bonds retain their bid higher was a weak Empire State Manufacturing Index. Although the index came in well below expectations, some of the underlying data may weigh on Bonds as the day progresses.
For now, I recommend floating, as I monitor the situation. But with prices trading near resistance and with the volatility of late, be prepared to lock if the situation changes.
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
Helping Bonds retain their bid higher was a weak Empire State Manufacturing Index. Although the index came in well below expectations, some of the underlying data may weigh on Bonds as the day progresses.
For now, I recommend floating, as I monitor the situation. But with prices trading near resistance and with the volatility of late, be prepared to lock if the situation changes.
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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