11 Sep 12 year anniversary of 9-11
Today is the 12 year anniversary of 9/11, the 1 year anniversary of the attack on the U.S. Embassy in Benghazi, and the morning after President Obama presented his case against Syria. Markets opened with the Dow moving higher, and bonds slightly positive as well. Besides the $21 billion auction in 10 year notes today, the bond market has $49 billion in Verizon debt to contend with as well. Bond prices are sitting on a level of support, but in an ever tightening range. The same stance can be taken today, by locking and securing gains, or giving it some room in hopes for a price breakout. The next two days have economic reports that could be the catalyst to do so.