This week was Military Families Week! In observance of the hard work that our military and their families do, we wanted to share some helpful [...]
Treasuries and Mortgage Bonds Higher After US Consumer Prices Increase Less Than Predicted – Market Update
Treasuries and mortgage bonds are higher this morning after U.S. consumer prices, excluding food and fuel, increased less than predicted in March. This data points [...]
Bonds are opening up this morning on concern that Greece may have to restructure their debt. They rallied further following the U.S. jobless claims report which showed that first time claims for unemployment insurance came in higher than expected last week.
Treasuries and mortgage bonds are down from yesterday’s close as retail sales increased for the ninth straight month which points to a recovering economy. Also weighing on Treasuries is today’s looming $21 billion Treasury auction of 10-year notes.
Treasuries and mortgage bonds are higher this morning as further earthquakes struck Japan. The Treasury will start this week’s auction activity today with the sale of $32 billion in 3-year notes, followed by the sale of $21 billion in 10-year notes tomorrow and $13 billion in 30-year bonds on Thursday.
There are no economic releases today, but later this week $66 billion of Treasury auctions will take place. Some of the key releases this week include, retail sales, producer and consumer price indices.
With an impending government shutdown looming, many banks and mortgage lenders fear they may not be able to close home loans that are currently in their pipeline.
Democrats and Republicans are still trying to figure out how to avoid a government shut down…they have until midnight tonight to come to an agreement on the budget cuts. In economic news, all that is on the docket is the February wholesale inventories which is expected to be unchanged.
Bonds opened relatively unchanged this morning and then subsequently dropped following a decline in the initial job claims report. In other news, the European Central Bank raised their rates by .25 percent in an effort to curb inflation. That decision came not long after Portugal put in a request for a bailout, which estimates say could reach $130 billion, and also at a time when many countries are in need of capital.
Treasuries and mortgage bonds are lower this morning as the FOMC’s March meeting minutes showed policy makers are debating when to withdraw record economic stimulus. In turn, futures contracts show a 70 percent chance of a rate increase within a year.