Hello Fellow Rainmakers!!!
This is for all Realtor's and Mortgage Professionals to see how the trend is going with rates. I hope you can see that this will keep you informed and educated.' bonds seem to be dipping from the rally we've been having for the last couple of days.The Gross Domestic Product(GDP) came in higher 3.3% than what was being forecasted at 2.7% and much more than the 1.9% previously reported. This has caused the stocks to push higher while putting pressure on Bonds.
At 1pm ET, Bonds have a supply htting the market by way of $22 Billion in 5-Year Treasury Notes. Yesterdays 2 year Note auction had a small effect on the Bonds. Today's sale may be more closely followed.
Bonds are currently testing and important ceiling of resistance at the 100 day Moving average. So i recommend floating and i will keep you posted if anything changes.
Jorge Delgado
INspiration
" I can live for two months on a good compliment"
Mark Twain
Comments(2)