Reports showed the euro-area economy shrank .6 percent in the final months of 2012. That is the worst performance in almost four years, as output slumped in its three largest economies.
Tag Archives | S&P 500 down
Treasury 10-year notes declined for the first time in four days as the U.S. prepared to auction $72 billion in coupon-bearing securities this week.
Treasuries and mortgage backed securities both rallied this morning following the jobless claims reports.
News of increased manufacturing orders in December due today may boost consumer confidence and improve stock market yields.
The report on unemployment benefits showed that claims increased more than forecasted last week, and the market gave up some of its gains. Also, consumer spending in the U.S. climbed last month by the most it has in eight years.
U.S. Treasuries and MBS prices are rallying, which is helping off-set most of the losses we incurred after a mid-day reprice yesterday.
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 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.
It’s earnings time, and mortgage income is helping the big banks out like Wells, Chase, Morgan Stanley and even Bank of America. GE released earnings yesterday that beat estimates.