Check out the three C’s that are guaranteed to make your Thanksgiving feast extra special!
U.S. Treasuries and mortgage bonds are relatively unchanged this morning from yesterday’s close. This afternoon, the Treasury will auction off $24 billion in 10-year notes, followed by $16 billion in 30-year bonds tomorrow. As expected, yesterday’s $32 billion three-year note auction attracted good demand.
Bonds are down as the market continues to digest the news of the Fed’s larger than expected QE2 stimulus plan. The sale of three-year notes begins today with 10-year notes on Tuesday and 30-year bonds on Wednesday. The Fed hopes that lowering the long-term costs for businesses and consumers will help boost the economy which is still facing an unemployment rate of 9.6%.
You can be the perfect pet parent without breaking the bank! A long-time multiple pet owner (and notorious penny pincher) shares her secrets…
It was expected that non-farm payrolls were going to rebound from the dip experienced in September. Estimates were that non-farm payrolls grew by 60,000 last month. The actual number showed growth of 151,000, while the unemployment rate remained unchanged at 9.6%, as expected. This is applying minimal pressure to bonds as the figures may not be strong enough to prevent yields from falling further.
Did you know that refinancing could be a great way for you to save for the holidays? Read more about this and other holiday saving tips!
Mortgage bonds are up this morning after yesterday’s announcement that the Fed will commit to increase its balance sheet by $600 billion versus expectations of $500 billion. The initial claims figure for the previous week was expected to be 442,000 (an increase of 8,000) but the actual number increased more than expected to 457,000. Now that the QE2 announcement has come and gone, the market will shift its focus to the release of the October jobs report tomorrow.
Confused about the today’s Federal Reserve meeting? Don’t be! We’ve done all the translation for you!
In this week’s video blog we answer a basic question: What is a good faith estimate?
Mortgage bonds are up again this morning on the expectation that the FOMC announcement will include details of a second round of quantitative easing (QE2). The consensus is that the amount of the easing will be about $500+ billion in Treasury purchases. In other economic news, the ADP employment change report came in higher than expected, showing an increase by 43,000. The non-manufacturing ISM report is expected to be relatively flat month over month at 53.5.