Game Day…

  • December 16, 2013

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It’s a big day today here on the Trade Desk. This is pretty big. We have been waiting for this all season. Monday Night Football has finally come to Detroit! What did you think I was talking about? The FOMC meeting?  That’s Wednesday…

We have Lions fans all over the city ready to see a good game. It’s a must win for the hometown team. But, before we head out let’s review last week’s bond market and get ready for the game week ahead.

  • Let’s start with some game film. Last week we started off in positive territory after a strong employment report. Rates went down. However, by Tuesday afternoon we lost most of our positive momentum and rates increased. Lack of economic data and weak trading levels made for one uneventful close to the week.
  • This week’s calendar is a different story. The must see is the FOMC meeting and announcement on Wednesday. Investors are looking for any indication of future economic policy. If the Fed deviates from the game plan of January tapering we could see a big move in the bond market. Hopefully, they won’t call an audible.
  • We have a lot of news coming out before then though. A lot of manufacturing data and housing data that should help us assess the health of the economy and gauge economic growth. If these indicators beat forecasts and take investors by surprise; they could move the needle in the bond market. The bond market doesn’t root for the underdog.

Well, I better put on my game day suit and get ready to cheer for the home team. See you tomorrow.

By Lindsey Fediuk, Quicken Loans Capital Markets Analyst

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