Mortgage Bond Trend

Mortgage Bonds are still facing some tough overhead resistance this morning after failing to break above a key level on Friday. In the absence of Bond friendly news or a Stock market decline, pricing could continue to worsen before improving.
There are no economic reports due for release today, but the rest of the week's reports will give investors a broad view of the economy. In addition, the Treasury Department is going to auction off $109 Billion in Securities on Tuesday, Wednesday and Thursday, which could move the market.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgae.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.