The FED will evaluate the markets but is continuing to wind down MBS purchases.
The FED will hold rates 0-1/4%.
The FNMA 4.5% bond coupon has fallen below 100 day moving average and moving down.
10 yr Treasury looks like a Gravestone Doji now which could be calling the top the market. Two days ago same candlestick pattern as above.
Advise locking!
The FED in-light of improving financial markets will be closing - Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1.
With GDP growth likely looking improved: Hold on!
Have a great day!
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