Where are rates headed??

With the volatility and sensitivity in the market, we are still vulnerable for big moves in either direction. Last weeks big gap up in bonds (lowered rates) leaves support for bond prices to settle back down and close the gap (increased rates)

However if during this weeks reports we continue to see further signs that the economy is slowing, that will provide support for a continued Bond rally that would lower rates even more.

Anything can happen, we are at the bottom of the trend in rates over the last 3+ months, I would lock and not try to time the market, leave the gambling for Vegas.