Wednesday, September 9, 2020

Daily Market Report 9/9/20 There are no economic data to report today.  Stocks are finally Up this morning after a brutal few days of negative trading.  AstraZeneca announced a delay with their vaccine, as they sort out a patient whom became sick without any explanation.  Also, Joe Biden announced his proposal for a Corporate Tax that will punish those whom offshore their profits and incentives for those whom create jobs in the US.  There's really no catalyst today that's a direct influence on the Markets.  MBS is currently Down 8bps, as it re-tries to test it's 25 DMA.  There is a 10 Yr Treasury Auction later today that could potentially have influence with the Markets, so stay tuned!  The Yields have climbed a bit and testing a Technical level; and sitting just a hair below 0.70%.

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