My recommendation for rates:
Continue to float over the weekend, be ginger however as the 10 yr still has not broken resistance and the mortgage markets also unable so far to break technical resistance.
Looks like the market got slammed after some reports earlier today. It gave up all gains of about 100 points and ended up about 50 points in the red. The 10 year is near a major resistance level which is does not look like it will break.
Next week is employment week and I would not expect an all too positive figures to report.
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