Archive for February, 2008
Lower Rates Today Again
29 February 2008Rates dropped further today on stock market losses. Rates will improve today by .375 to the points.
Both economic reports today came in today showing stronger than expected results. Normally this would have hurt rates, but the stock market overshadowed their impact. January Personal Income and Outlays and the University of Michgan both showed stronger than expected results.
The focus [...]
Rates Down Again, Reports Show Weak Economy
28 February 2008Rates were down over half a point today on more weak economic reports.
The 4th Quarter GDP came in at a growth rate annualized of .6%, which was weaker than analysts had forecasted.
Unemployment claims came in higher than expected for last week.
The bond market reacted favorably to both reports. It was unaffected by Bernanke’s testimony today, [...]