Rate Watch 7-8-9

Cautiously Floating:
Mortgage Backed Securities to the positive this morning at the expense of stocks which are down again today and Crude Oil is down for the sixth straight day in a row. Second quarter corporate earnings due out this week. This will be an indicator of the health of the US Economy. Many corporate giants are expected to post losses, but the results will be viewed closely. The Fed continues to sell Treasuries at unprecedented levels with another big auction today on the heals of yesterdays auction. Give me a call at your convenience to discuss your current financial situation 801 668 2112.