Monday, June 29, 2009

Mortgage rates Charlottesville

Bonds are higher this morning in response to news that China, the largest holder of US debt, will continue to purchase our Bonds as part of their foreign-currency reserve policy. This good news for Bonds comes on the heels of last week's strong Treasury auction results, which showed a good foreign appetite for US Bonds.
Also this morning, Stocks are trading slightly higher and continue to do battle at their own technical ceilings of resistance.
There are no big auctions in this shortened holiday week, as all markets will be closed on Friday in observance of the 4th of July.
Leonard Winslow
Dominion Trust Mortgage
434-760-2580

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