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NO TURKEYS IN THE MARKET THIS WEEK

A light trading week brought with it signs of volatility, however at the end of the week rates remain unchanged. Stocks rallied towards the beginning of the week, then faltered after several pieces of bond friendly economic reporting was registered on Wednesday. Overall it was a light trading week due to the holiday, once typical volume picks back up at the beginning of next week we should see less day to day volatility. Some news to keep in consideration is what is taking place in the Asian markets. The Chinese stock market suffered its worst one day selloff in the last 17 months earlier this week. This in addition to changes on the horizon for Japanese economic policy have traders here is the USA keeping a watchful eye. Since the dollar is closely tied to overseas events it will be important to be aware of what takes place in the coming days and weeks.

 

Rates are great! Have a wonderful Thanksgiving weekend!