Happy Tuesday, Mortgage Bonds continue to trade in a sideways to lower pattern as traders show caution ahead of Fridays delayed Jobs Report for October. In economic news, the ISM Service Index came in better than expected and sent Mortgage Bond prices below a key technical support level. Due to the drop below support, I am recommending to lock any short term transactions, which is measured in a few days to two weeks. If anything changes, I will get back to you.
Posted on: Tue, 05 Nov 2013 17:00:34 +0000