“Mortgage Bonds are near unchanged and seemingly show no emotion to Stocks, which are up big to start the day. Inflation data from the wholesale level, the Producer Price Index, was a bit hotter than expected but investors are looking ahead to the more closely watched inflation reading Consumer Price Index due out tomorrow. I am recommending floating but be aware that rising Stock prices could push Bond prices lower at any point during the day. If anything changes, I will get back to you.”
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