Rate Watch

Treasury Bonds are regaining some lost ground this morning, after yesterday's weak Treasury auction triggered a plunge lower in pricing. Stocks, on the other hand, aren't fairing too well after two different reports shook things up this morning.The Balance of Trade report came in at a surprisingly narrow reading, indicating continued weakness in the economy as demand for imports decreased for the 10Th straight month. Additionally, the Consumer Sentiment Index arrived at 64.6, far uglier than expectations of 70.3. Clearly, consumers continue to be concerned about the economy.Overall, Traders weren't crazy about either of the reports--as they moved money from Stocks into Bonds, which has helped Mortgage Backed Securities improve this morning. Lastly oil is down again this morning after Chevron warned investors about its future profitability. I recommend floating for now, but be prepared to lock--as Bonds face a number of tough technical factors. I'll continue to monitor the situation and provide insight to help you make the best decision for your situation." Please call me if I can assist you with any of your financial decisions 801 668 2112.