Quicken Loans Capital Markets Update for November 16, 2009
This market will focus on several key economic reports due this week, which include today’s retail sales, Tuesday’s PPI (Producer Price Index) report, Wednesday’s CPI (Consumer Price Index) and housing starts, and Thursday’s initial unemployment claims.
Treasuries rose this morning after a report showed retail sales excluding autos rose less than forecast. Traders are also betting that Bernanke will reiterate that rates will remain at record lows when he speaks later today.
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