Market Update

Bonds are trading relatively flat this morning, on a day with no economic news scheduled for release. As Traders await Wednesday’s Fed Meeting and Policy Statement, this could be the calm before the storm. Some of the notable releases this week include the quarterly Employment Cost Index, the important Core Personal Consumption Expenditure (PCE), and the Fed’s decision on rates--which looks like it will be a .25% cut.
As for now, I am recommending cautiously floating.