Cautiously Floating:
Quiet trading so far today as most markets are near unchanged levels. Mortgage Backed Securities are up slightly but have been unable to break through overhead resistance. Stocks, Gold and Crude Oil all down slightly as well. The Fed has another round of bond auctions set for today as the government continues to service the Federal Debt. For the most part the bond auctions have been received well as investors are still willing to invest in the federal debt with the guaranteed return. There are no Federal reports due for release today. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.
