Just when it looked like we may slip into the afternoon, stocks turned tail and ran, now down over 200 points with 4 minutes to trade. Bonds, notes and mortgage backs caught their fall and reversed course, now trading at the day’s best levels. With the yield right at major resistance (3.86%), the market will finish strong and probably wait until tomorrow to either confirm or reject the new bullish trend.
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About the Author: Max Leaman Austin Mortgage
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