Market Analysis

March 9th, 2011 9:13 AM
Given no significant economic news on the calendar this week, stocks and bonds continue to move in response to events in the Middle East.  Yesterday, stocks were up and bonds deteriorated.  This morning stocks are down slightly and bonds slightly improved.  Oil prices are currently in the mid $105 level per barrel.  Yesterday's $32 billion 3-year US Treasury auction was well bid.  Tomorrow's weekly Initial and Continuing Jobless claims data could be market movers.  Initial Claims for the week ended 3/5/11 are expected to come in at 370,000 vs 368,000 for the week prior.  A number that comes in below 370,000 would be expected to put upward pressure on interest rates.

Posted by Matthew Breston on March 9th, 2011 9:13 AMPost a Comment (0)

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