Mortgage-backed securities are down today along with initial and continuing jobless claims. Also, the European unemployment rate rose a staggering 10.9 percent in March.
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Dow Jones Industrial Average Hits 4-Year High – Market Update
Mortgage-backed securities are down as investors fled the bond markets in favor of equity markets yesterday. Also, German unemployment numbers are up today amid the continuing European debt crisis.
Treasury and MBS Prices Flat – Market Update
The 10-year treasury yield is at 1.92 percent today, relatively flat from yesterday. Yields will likely remain low while worries over momentum in the U.S. continue, and investors keep an eye on the European debt crisis.
Treasuries Up for Sixth Straight Week – Market Update
Treasuries are up for the sixth straight week, marking the longest streak since June of 2011.
Why Does Europe Affect U.S. Stocks?
It is almost like clockwork – head to CNNMoney, Bloomberg, or Marketwatch and you’ll see, every morning before the stock market opens, that U.S. stock futures will either advance or retreat based on some sort of news out of Europe. After a while, you have to sit there and wonder, “Why in the world do newspaper headlines in Europe have anything to do with my stocks?” I don’t blame you. I’ve been wondering the exact same thing.
Spain Credit Rating Downgraded – Market Update
As the GDP report came in nearly a full percent lower than last quarter, many analyst suggest that the economy has slowed down. Also, Standard and Poor’s downgraded Spain’s credit rating yesterday for the second time since January.
Treasuries Up Amid FOMC Rate Decision – Market Update
Treasuries are up this morning amid the FOMC Rate decision where Ben Bernanke pledged to help spur economy expansion if needed. Also, the government is set to sell $29 billion of seven-year notes today.
The Latest Federal Reserve Release in Plain English 3.0
Annnnnnd we’re back with another Federal Open Market Committee (FOMC) release broken down into common English for you. Doesn’t it seem like it was yesterday when I was breaking down the last release for you all? Did you miss me and my feeble attempts to drive some humor into the FOMC release? I’m sure you recall the Wayne’s World references from last time, right? At any rate, the Fed met again this week to discuss the current state of the economy. It’s a lot of the same stuff from last time, but important nonetheless.
Interest Rates May Rise Amid European Debt Unrest – Market Update
Reports reveal that the Federal Reserve may rethink their pledge to keep interest rates low today, amid worries over the European debt crisis and slowing economic growth. This forecast has had a negative impact on the bond market this morning.
Treasuries Down – Market Update
Treasuries are down this morning amid the reported drop in new home sales for the month of March. Also, the Federal Reserve will start a two-day meeting with Chairman Ben Bernanke today, with Bernanke scheduled to hold a press conference tomorrow.
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