Friday, August 22, 2008

Rate Watch 8/22/08: Cautiously Floating

Bonds have found a ceiling of support at the 50 day moving average and we will wait until Ben Bernanke's speech today on the condition of the world financial markets to see which way it takes Stocks and Bonds. With no major reports out today, Bond's will most likely take their direction from Stock's. I will let you know if there is any change in direction in this very tumultuous market we are experiencing.

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