Today will be a short day for the markets as stocks close at 1 pm ET and bonds follow at 2 pm ET. There are no economic reports today, and volume and price movement are expected to be minimal. mortgage bonds hit an all time high yesterday, so interest rate continue to look fantastic. This is a pivotal point for bonds as they strive to make new highs due to the slew of negative economic lately. Any sign of good news could cause a quick change, so a cautious floating bias is ok as long as you are close to the lock trigger. Have a happy 4th of July celebrating the independence and freedom we enjoy in this great country.