Hey There!
Not such a good day for Bonds... "Profit Taking" has been named as a primary reason for losses in the bond market. With all the "run up" over the last few weeks...the bonds were getting a little "oversold" and were due for a sell off anyway.
FNMA 4.5% is down about 28bps for now...

DOW UP 21 points.

Anticipation: Many investors are worried as to how China will react to the announcement of a special tarrif on "Chinese Tires" entering the US. Remember that it is this type of protectionism that ultimately led to greater collapse in the great depression. The Motivator: US tire companies are having a hard time competing with the much cheaper Chinese tires...especially at a time when consumers are looking for savings.

More news: Obama spoke today on creating more regulation for the banking industry. This is the "anniversary" of the Lehman Brothers investment firm's failure.



Please feel free to call me or email with Questions or to discuss items in this email further. Have a great eve!

Sincerely,


Chad Schauers
www.MetChad.com
cschauers@metlife.com
406 522 0922