News of increased manufacturing orders in December due today may boost consumer confidence and improve stock market yields.
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The bond market is up this morning with the rally being driven by a disappointing unemployment report. There are still lesser economic numbers getting released throughout the day, which has the potential to move the markets.
Highlighted by multiple reports that will give an indication of the health of our economy, this week will be full of data for you to consume.
The markets got a dose of good news overnight. Banks in Europe decided to pay back a large amount of the money they borrowed.
The U.S. Government could not win yesterday in the eyes of the market. If they don’t raise the debt ceiling, then the government will default on their debt.
The mortgage-backed bond market is down slightly from Friday morning, and the market awaits this morning’s U.S. home sales report.
Following three straight weeks of declines, mortgage applications rose 11.7% for the week ending January 4.
Bond markets are down slightly this morning on what should be a quiet New Year’s Eve trading day. Today is the last day for legislators to avoid the tax hikes and spending cuts that would go into effect at midnight of Congress is unable to reach a deal.
Bloomberg-surveyed economists are expecting that prices rose 4% over the last year in the 20 cities included in the report.
Treasuries and MBS prices sold off yesterday as continued progress in fiscal cliff avoidance talks led to optimism among investors.