Bond Market Update

Mortgage Bonds are trading near unchanged as the markets brace themselves for some important Bond auctions here and abroad.

There are no economic reports due for release today but the Fed's Beige Book will be released and it could garner some attention.

I am still recommending a Cautiously Floating bias in the short term due to the fact that Mortgage Bond prices are trading near the top end of the trading range.

Leonard Winslow
Direct: 434-760-2580

943 Glenwood Station Lane, Suite 200

Charlottesville, Va. 22901
mailto:leonard.winslow@newamerican.com
web: www.newamerican.com/leonard.winslow

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