Monday, October 20, 2008

Rate Watch 10/20/08: Floating

Bonds prices are improving nicely this morning with no economic reports out today and with Ben Bernanke's meeting with the House Finance Committee this morning. While there is still inherent volatility in the markets, there may be a sense that the financial moves the Government has taken with the financial rescue package may be beginning to work. For now, I recommend Floating as we watch to see how far the Bond Price recovery goes today.

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