Market Comment

Bond prices surged higher this morning after a weaker-than-expected Jobs Report indicated 85,000 jobs were lost in December. Also in the report, the Unemployment Rate remained at 10.0%, which was inline with estimates.
Bond prices have since fallen back after the initial boost this morning. I recommend floating to see if Bond prices can stabilize. I will let you know if a change of course is needed.

Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
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