Market Snapshot January 25,2021

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Good Monday AM,


Bonds are showing strength this morning, especially the ten-year which has now broken above the first level of Fibonacci and is testing the top of the second level. The yield on the ten-year is back down to 1.04% and looks like the momentum may carry it lower. Mortgage bonds opened strong and are up nicely from Friday. Keep in mind that this is one of the biggest news weeks of the quarter and a whole lot can happen with so many vital economic releases coming (Consumer confidence, durable goods, fed meeting, GDP, etc..).


Please remain safe and healthy, make today great!