Market Snapshot August 20, 2019
Good Morning on this terrific Tuesday,
No data today and markets are simmering down a bit. Stocks are off and bonds are back on the positive side. The 10-yr is at 1.55 and mortgage bonds are up a baker’s dozen. The market doesn’t seem to be focused on anything special. The Futures have a 95% probability of 25 bps Fed rate reduction in September, 76% of additional 25 bps in October, and 50% of additional 25 bps in December. Rates should continue to improve.
Make today great!