30-year bonds rose amid speculation rates near 3% and falling inflation expectations will attract investors for the 30-year auction this afternoon.
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Market Movement Slows – Market Update
The market didn’t move one way or another yesterday and much of the same is expected today. There is no major economic news scheduled for today.
Recent Trends Show Slow Migration Toward Stocks – Market Update
There appears to be a slow migration toward stocks lately. This could be driven by strong employment numbers, causing speculators to favor the volatility and potential gains of the stock market.
Quiet Week for Economic News – Market Update
Friday closed with a major sell-off caused by better than expected employment numbers. So what does that mean for the week ahead?
Initial Jobless Claims Expected to Increase – Market Update
The Fed had no surprises for us yesterday stating again that bond buying would continue despite rumors they would curtail purchases earlier in the day. Yesterday’s statement was almost identical to the previous statement, which failed to move the market in any dramatic way.
Bond Purchase Program Expected to Tapper Off – Market Update
Today will probably be the last calm day for the bond market. The Chicago PMI Index has the potential to move the market if the numbers significantly under perform.
Mortgage Rates Hit New Lows Last Week – Market Update
Mortgage rates officially hit new lows late last week – by a small margin. A Friday morning rally was caused by a weaker than expected GDP.
Draft Results of the Quicken Loans All-Star Football Challenge
In case you’re wondering, the Quicken Loans All-Star Football Challenge is a skills competition that features college football’s brightest young stars.
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