Market Analysis

Bonds are slightly worse this morning and the stock market flat.  Bonds are deteriorating further in late morning trading and it is possible we could see an updated rate sheet with higher closing costs for the same rate later this morning.    In economic news, Wholesale Inventories for September were up 1.5% vs expectations for a .6% increase. Investors are anxious this morning in front of the US Treasury's $24 billion 10 Yr Note sale this afternoon.  Today's auction is being viewed as an initial litmus test for investor appetite for Treasury notes with longer term yields after last week's Federal Reserve announcement of $600 Billion in quantitative easing.

Posted by Matthew Breston on November 9th, 2010 10:14 AMPost a Comment (0)

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