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Quicken Loans Capital Markets Update for August 14, 2009

Treasuries rallied big yesterday with the 10-year closing up almost a point at 3.601. Fixed income investors were happy to see that inflation may not be rearing its ugly head yet.

Treasuries are up this morning after the consumer prices report showed that cost of living in the U.S. remains unchanged. This matches the economists’ forecasts on inflation in the U.S. The number shows that the Fed’s injection of money into the banking system has not brought on faster inflation.

Stay tuned for next week’s market updates and have a great weekend!

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