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  4. Quicken Loans Capital Markets Update – Markets Stay Choppy
Here is today’s Economic Update from Quicken Loans Capital Markets Team – for Thursday, April 30, 2009.

  • Mortgage and Treasury bonds have opened in negative territory this morning, as signs showed the worst of the recession may be over.
  • Initial jobless claims decreased more than forecast. This tempered the initial reaction to the personal spending numbers, which unexpectedly fell more than forecast.

The up and down nature of the recent economic releases will keep markets choppy.

More to come as we learn it.

Have a great day, from Quicken Loans Capital Markets.

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