Archive | 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.

Mortgage rates continue to edge higher as demand for safer assets wanes.

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.

Yesterday the Retail Sales Report was a small contributor to a sell-off we saw in the early afternoon.

10-year Treasuries reached their highest level in almost seven weeks after a sharp sell-off in the market late Friday.

The market had its most volatile day of the week yesterday, ending with a sell off.

30-year bonds rose amid speculation rates near 3% and falling inflation expectations will attract investors for the 30-year auction this afternoon.

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.

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.