The bond market appeared to settle down late last week after the Fed announced they will not begin tapering this month. Treasuries declined overnight as the U.S. prepares to sell $97 billion of debt over the next three days. Debate over the federal budget and the debt ceiling resume today. This week’s economic news has moderate potential to move the market while many investors are waiting to for indicators on the Fed’s next monetary move.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 27.51 points (-0.18%) while the Nasdaq fell 7.04 points (-0.19%). Also, the S&P 500 dropped 6.36 points (-0.38%).
Here are some of today’s rates:
- 30-Year Fixed: 4.375% (4.621% APR)
- 15-Year Fixed: 3.375% (3.777% APR)
- 5-Year ARM: 2.875% (3.10% APR)
Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.