Archive for 'Bernanke' Category
No Recession Prediction From Paulson and Bernanke
14 February 2008Rates were up about .375 to price this morning on testimony from Fed Chair Ben Bernanke and Treasury Secretary Paulson.
In testimony to the Senate, Bernanke and Paulson surprised Wall Street by stating that they did not believe the economy would enter a recession this year, although it continues to be plagued by housing weakness.  [...]
Mortgage Rates Unchanged; Bonds Down On Retail Sales
13 February 2008Rates were flat today, although bonds were down after a stronger than expected retail sales report. Strength from yesterday in bonds, kept rates steady.
Excluding auto sales, which are more volatile, retail sales data came in .1% higher than expected, and the bond market reacted negatively to this data today, as consumer spending makes up [...]