Economic Symposium

Mortgage Bonds are trading higher after Weekly Initial Jobless Claims were reported higher than expected while inflation remains tame.

The markets have been on the quiet side this week as the summer comes to an end as trading desks clear out for extended vacations. In addition, traders aren't looking to take any big bets ahead of the speech from Fed Chairman Bernanke at the Jackson Hole Economic Symposium on Friday.

I will continue to recommend a Floating bias into tomorrow's event from Jackson Hole. If there are any sudden changes, I will get back to you.

Leonard Winslow
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