Archive for June, 2007
Bonds Up on Weak Consumer Income and Spending Data
29 June 2007Mortgage rates dropped today, after more weak economic news was reported.
May’s Personal Income and Outlays data showed that consumer income and spending both rose less than expected last month.ﾃつ ﾃつ ﾃつ
Next week will bring us the ISM index on Monday, and a shortened week due to the July 4th holiday.
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Durable Goods Orders Down; Mortgage Rates Drop
27 June 2007Bonds opened up today following weaker than expected manufacturing data.ﾃつ ﾃつ Rates should improve today by .125 of a point.
The Commerce Department reported today that Durable Goods Orders fell 2.8% in May, triple the expected number.
This suggests a slowdown in the manufacturing sector and is puts inflation concerns at ease.ﾃつ
The Fed meeting starts [...]