Market Outlook
Tuesday, November 10, 2009 7:05 AM
Price Trend: Positive
Price Volatility: High
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Current Conditions:
FNMA 4.5 101-09 (+5)
GNMA 4.5 101-27 (+4)
10yr Yield 3.448
Today's Economic Data
(PST)
None
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Commentary:
The drought of economic data continues today. The only event that should have a serious impact on prices
today is the Treasury's 10yr note auction. Yesterday's 3yr auction was well received. The last auction of
the longer end of the curve was 2 weeks ago when the 7yr issuance saw lackluster demand and caused
Treasuries and mortgages to fall. That result is causing some apprehension about today's 10 yr and
Thursday's 30yr auctions. Other than that, stocks and some Fed speak could provide direction for bonds.
Richard Sellers
E-mailelitesellers@gmail.com
Websitewww.arrowheadlifestyles.comOffice Phone(909) 336-2131
Cell Phone(909) 553-1897Fax(909) 336-2500Address27206 Hwy 189, Blue Jay, CA, 92317Description"Life isn't about how to survive the storm, but how to dance in the rain."
Real Estate Broker, DRE CA License #01148405
Lake Arrowhead Lake Fronts, Lake Arrowhead Properties, Lake Arrowhead Yacht Club, Lake Arrowhead Country Club, Horse Property, Sailing Lake Arrowhead, Lake Front Living, Mountain News, Boating.
;)
;)
Now we have to see if the tradition of rates rising in the second year of a president continues.