Market Analysis

The bond market continues to deteriorate.   The 3rd Qtr final Revised GDP figure came in below expectations at 2.2% growth vs expectations of 2.7% growth.  Normally, this data would have caused improvement in bonds.  The markets discounted the GDP data, though, and focused on November's Existing Home Sales which were up 7.4%, significantly stronger than the 2.4% expected increase.

Posted by Matthew Breston on December 22nd, 2009 7:52 PMPost a Comment (0)

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