Rates Up on Factory Orders Data
4 February 2008
Bonds were down on stronger than expected manufacturing data.ﾃつ ﾃつ Rates should increase by .125 to the points.
December Factory Orders posted higher than expected readings, indicating that the manufacturing sector is stronger than believed.ﾃつ
There are no economic reports due for release tomorrow.ﾃつ ﾃつ Fourth Quarter Productivity and Costs report is due out Wednesday, in what otherwise should be a quiet week for mortgage rates.
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