Archive for January, 2008
Rates Up Again on Strong Economic Reports
29 January 2008Bonds were down today on stronger than expected economic data.ﾃつ Rates will increase today by at least .375 to the points.
December’s Durable Goods Orders and the Consumer Confidence Index (CCI) both came in stronger than expected, with Durable Goods posting a 5.2% jump over an expected value of 1.5%.ﾃつ CCI came in at [...]
Rates Unchanged
28 January 2008The bond market was flat this morning, despite worse than expected economic news.ﾃつ Rates improve this morning by about .375 to price due to strength in bonds late Friday.
December’s New Home Sales data showed a 4.7% decline, much larger than expected and the biggest overall drop since 1963 for the year 2007.ﾃつ ﾃつ
We’ll [...]