We wish to pass on our most sincere thanks to all veterans of our great military, if not for you we would not have the freedoms we enjoy today.

Today the bond markets are closed in honor of Veteran's Day and no economic reports will be released.

Yesterday we had an early close to a very boring bond market. Rates remained unchanged from where they closed last week. Tomorrow the only relevant economic event is a treasury auction. We did have a treasury auction on Monday that was received quite well by investors. This is important as it shows investors are willing to buy our debt which includes mortgage backed securities and demand for these investment instruments keeps our mortgage rates very low.