Market Analysis

Bonds are taking a small beating this morning as February's Non Farm Payroll report showed that only 36,000 jobs were "lost" in the month (vs expectations that had increased during the week of a 75,000 number) and that the unemployment rate stayed steady at 9.7% (vs expectations for an increase to 9.8%).  Additionally, January's and December's job losses were revised lower.  In other negative news for bonds, which tend to do better based on a "fear" trade that generates a "flight to safety", the Greek debt crisis appears to be closer to resolution with Germany indicating that the steps Greece was taking to reduce government expenditures were a positive step towards the European union developing some form of bail out to make sure that Greece does not default on its debt.

Posted by Matthew Breston on March 5th, 2010 9:54 AMPost 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 | 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 LoginTerms of UseSite Map