Bernanke claims he could begin tapering bond purchases as early as July, causing the market to fall with a somewhat reckless abandon.
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Existing Home Sales Increase 1.2% – Market Update
It was a rough week for the bond market last week. Strong economic indicators drove investors toward the stock market and we saw our rates increase as a result.
Don’t Miss the Quicken Loans Grand Prix Festival!
Head down to Detroit for the Quicken Loans Grand Prix Festival May 29 and meet some of your favorite Quicken Loans Racing drivers!
U.S. Consumer Confidence Rises – Market Update
Treasuries rose yesterday amidst mixed economic news. Housing starts fell and initial claims for jobless insurance climbed, while sales at U.S. retailers unexpectedly increased.
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Italy Issues New Bonds, Spain Stikes Debt Deal – Market Update
Yesterday was an ugly day for the bond market. The media focused on stocks, specifically equities, for the volatility in the bond market. However, that doesn’t explain the sell-off we saw yesterday.
Retail Sales Report Contributes to Sell-Off – Market Update
Yesterday the Retail Sales Report was a small contributor to a sell-off we saw in the early afternoon.
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