Archive for April, 2008
Rates Up On Stock Market Gains
18 April 2008Rates were up by about .375 to points today as the stock market posted strong gains. There was no economic data released today, and bond market selling was in line with the pickup in the stock market.
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Rates Up On Beige Book, Industrial Production
17 April 2008Mortage rates increased by about .375 to the points today on continued concern about inflation.
Yesterday afternoon’s Fed Beige Book report showed that costs for manufacturers have been increasing, and the Industrial Production report from yesterday also underscored rising production costs. Today’s only report was the LEI (Leading Economic Indicators Report) from the conference board. It [...]