Bonds Fall as the Market Waits For Friday’s Employment Data
31 May 2007
Mortgage rates increased today after stock market gains and concerns about tomorrow’s economic data.ﾃつ ﾃつ
Theﾃつ Gross Domestic Product data showed a slower than expected result,ﾃつ which normally wouldﾃつ drop interest rates, but had no result today due to the Jobs data from tomorrow overshadowing this report, as well as gains in the stock market being directly a result of moving out of the bond market.ﾃつ
A markedﾃつ increase in the unemployment rate would be great news for interest rates, and could spark a bond market rally.ﾃつ
Watch the market tomorrow and expect volatility.
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