Market update
The US Dollar and US Bond Markets are receiving a safe haven bid this morning as a not-so-hot Italian Bond auction pressured the Euro lower and highlights that the Eurodrama is far from over.
Mortgage Bonds continue to trade in a sideways to slightly higher pattern being supported by the Federal Reserve as it continues to purchase the Mortgage Bonds on a daily basis.
The capital markets will be closed on Monday in observance of Martin Luther King Day. Have a great weekend.
Leonard WinslowDirect: 434-760-2580
943 Glenwood Station Lane, Suite 200
Charlottesville, Va. 22901
mailto:leonard.winslow@newamerican.com
web: www.newamerican.com/leonard.winslow
mailto:leonard.winslow@newamerican.com
web: www.newamerican.com/leonard.winslow
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License #MLO-4817VA-NMLS #265272
License #MLO-4817VA-NMLS #265272
The US bonds are the safest investment vehicle in the world and that will be the same in the coming years as well irrespective of what some credit rating agencies say.
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