There’s a big week ahead for the market with increased earnings, GDP data, and stimulus negotiations.
Bonds are slightly lower and yields modestly higher while stocks trade in positive territory on stimulus hopes.
Traders continue to look to D.C. for stimulus headlines though hopes of a deal before the November 3 election are fading. Nonetheless, a deal is coming, news of which is supporting stock prices at the expense of bonds.
There are no economic reports due for release today, but stay tuned for next week’s activities.
The Fed will be purchasing up to $4.042B in mortgage-backed-securities today.
It is recommended to float brand new clients and files with a longer time to close; pay close attention to the market to see if bonds can recover and the yield rises. |
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