Daily Update | 9 March 2010
Posted by Roger Slaalien on 9th March 2010
Over the past couple weeks, Mortgage Bonds have been able to remain above a nice floor of support at the 100-day Moving Average.
During that time, fears over Greece defaulting on their debts have left investors feeling uneasy, and many of them looked to the safe haven of US Bonds. But with the situation in Greece appearing less dire, investor appetite for risk may increase.
For now, I recommend floating. But be prepared to lock if Stocks gain more momentum at the expense of Bonds. I will keep you posted on any major developments.
3Mar