The world is still trying to figure out what to do with the Brexit news. You are probably sick of hearing about it, but it’s still such a shock that it actually happened that the discussion is sure to continue for some time. Stocks and bonds have flip-flopped all week long. Those who just want out of the volatility have turned to longer-term bonds for asset protection, driving down the yields. The 10 Year Treasury is now at 1.33%, up a touch from the overnight low of 1.32%. Many are predicting mortgage rates to push even lower.
The FOMC minutes will be released today and I don’t know that anyone expects much there since the dictations are from deliberations held last month.