Quicken Loans Capital Markets Update for July 10, 2009
Yesterday, Treasury prices fell after the 30-year bond auction drew less demand than previous sales, but this morning they are rebounding from yesterday’s lows as investors continue to seek the relative safety of government debt.
In today’s economic news, the May US trade deficit unexpectedly narrowed as exports rose.
Today’s June import price index showed a 3.2% increase, as oil costs jumped. Also today, the University of Michigan released its initial reading on consumer confidence.
That’s all for today! Check back Monday for the latest update from Quicken Loans Capital Markets.
Related Information:
- Get today’s mortgage rates.
- Despite the bad economy, a credit report is still free at Quizzle.
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