Stocks are lower so far this morning after showing gains in premarket trading. Mortgage bonds opened to the downside and have yet to recover. The markets are now waiting to see if the 10 Year Treasury Note yield can remain…
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Watch the markets closely
Second quarter advanced GDP was released this morning and the report was surprisingly...
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Be careful if you choose to float
Mortgage bonds received a boost yesterday after the Federal Reserve announced that rates...
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It’s Fed day!
It’s Fed day! But yet, markets have little anticipation over the seemingly unimportant...
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Locking bias
Mortgage bonds have spent the past 8 trading days sitting on a floor...
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Risk of floating increases
I’m not liking what I see in the bond market charts this morning. ...
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Little benefit to floating here
Mortgage bonds broke beneath the first layer of support this morning and fell...
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Safe play is to lock in here
The weakness showing in yesterday morning’s stock market charts turned out to be...
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Extreme cautious float
Mortgage bonds bounced off of a duel layer of support, which put a...
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Locking bias
Mortgage bonds are hugging the bottom of support and continue to show signs...
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