Tuesday, September 23, 2008

Rate Watch 9/23/08: Carefully Floating

After a mid day reprice for the worse yesterday, after a Lock Bias yesterday morning, today the Bond market is trying to stabilize in the midst of the Fed's Testimony before Congress to sell the $700 Billion Bailout package. For now I am advising to Carefully Float and I will watch the market's reaction to the Congressional hearings today and will alert you of a change in direction.

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