Market Analysis

The bond market has improved today on weakness in the stock market triggered by a worse than expected quarterly earnings report from Alcoa, which is the first company included in the Dow Jones Industrial Average to report each quarter.  Additionally, Chevron issued guidance warning of a worse than expected fourth quarter.  Also, today's $40 billion US Treasury Auction of 3-Year Notes was fairly well bid, with a bid-to-cover ratio of 2.98 ($2.98 in bids for every $1 being auctioned). 
Posted by Matthew Breston on January 12th, 2010 1:05 PMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Broker NMLS #249828  Company NMLS #349828      Equal Housing Lender

 


Iron Harbor Mortgage, L.L.C. 815 Brazos, Suite 705 Austin, TX 78701
Phone: Fax:

Contact Us | Common Questions | Today's Rates | BBB Report Lookup | Loan for Purchase | Video Testimonial | Automated Valuation | Credit Report Errors | Privacy Policy | Loan Application | Loan Process | Market Analysis

Copyright © 2012 Iron Harbor Mortgage, L.L.C.
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map