Market Snapshot September 14, 2020
Good Monday AM,
Bonds are doing well today despite the equity markets blasting ahead. The 10-yr is at .66 and mortgage bonds are up a bit too. Mortgage bonds are sitting at the support line and hopefully can improve a bit more. If we break below this current line in the sand, it could take rates up .125%. There was not scheduled news released this morning, but it is a fairly big new week. It is always a concern that if the stock market continues to rally, it will pull money out of bonds. Locking is a good call right now.
Please remain safe and healthy and make today great.