Rate Watch 7-20-2009

Cautiously Floating:
Stocks are beginning the week by continuing their rally from last week, which is adding pressure to Bonds. Helping Stocks rally is news that small business lender CIT Group has reached a last-minute rescue plan to avoid bankruptcy as well as a forecast from Goldman Sachs that the S&P 500 will continue to improve this year.There are no Treasury auctions this week and very few economic reports. However, a slew of earnings for the second quarter will continue--and if the reports are good, Bonds could face additional pressure. President Obama on TV talking of the new healthcare reform programs. If you or anyone you know is considering Buying, Selling or refinancing Real Estate please contact me at 801 668 2112.