Investors Waiting For Tomorrow’s Election Results

There is a little pressure on rates today, as investors are probably pocketing whatever profits they feel are on the table and waiting for tomorrow’s election results and the methodology behind the Fed’s next economic stimulus efforts (“QE2”).  Also, anticipated this week is October’s nonfarm payroll report – which should reflect the first month the economy created more jobs than it lost since May.  If the payroll report comes in much higher than anticipated, expect yet more pressure on interest rates to rise.