Market Analysis

The bond market opened down but has since moved closer to breakeven.  Stocks are up this morning.  The economic calendar is vacant today.  The bond market was responding to strength in stocks and news that in November, foreign purchases of US Treasury debt in November 2009 were slightly lower than expected.  Strong foreign demand for US debt is critical to keeping interest rates low.
Posted by Matthew Breston on January 19th, 2010 10:59 AMPost a Comment (0)
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