Archive for August, 2007
Credit Crunch Keeps Bonds Down Despite Strong Economic Reports
24 August 2007The bond market opened Friday up, despite some stronger than expected economic data.ﾃつ The Commerce Department reported that durable goods orders rose 5.9%, greatly exceeding analysts expectations and showing strength and possible inflationary pressure at the level of industrial production.ﾃつ ﾃつ Normally this would have more of an impact on the bond market, [...]
Stocks Market pushes rates up
22 August 2007The bond market opened in negative ground on Wednesday as Stocks rallied.ﾃつ Rates could increase today by .25 of a point.ﾃつ ﾃつ Without relevant economic data today, the bond market is being driven largely by the stock market performance.
There is no imporant news due out tomorrow.ﾃつ The weekly unemployment data will come [...]