Tuesday, August 26, 2008

Rate Watch 8/26/08: Floating

Consumer Confidence was up with the strenghtening dollar and lower oil prices. Technically, Bonds are trading at 100.66, comfortably between the floor of the 50 day moving average of 100.28 and the ceiling of the 100 day moving average of 101.04. For now, I recommend floating, but stay tuned for any changes in direction.

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