Good Morning,
Yesterday the bond market fluctuated up and then back down to the same level it ended yesterday. Since lenders wouldn’t budge on lowering rates yesterday, it was inevitable that as long as bonds stayed strong today they would decrease them.
In a half hour July’s Durable Good Orders will be coming out. If the results are better than expected rates will most likely increase.
We will have an update as soon as the report comes out and after we analyze it.
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