Market Analysis

Iron Harbor Mortgage - Market Update 11/09/2009
November 9th, 2009 7:57 AM

The bond market has opened flat this morning. This week is very light for economic data. Interest rates will be primarily influenced by demand for the Treasury Department’s $81 billion in auctions (analysts are expecting continued strong demand) and by activity in the stock market.

Below is a recap of the economic calendar for this week:

Monday, November 9

· Treasury Dept auctions $40 billion of 3-year notes.

Tuesday, November 10

· Treasury Dept auctions $25 billion of 10-year notes.

Wednesday, November 11

· Bond market closed for Veteran’s Day. Stock market open.

Thursday, November 12

· Initial jobless claims for the week ended Nov 7 – expected no change.

· Treasury Dept auctions $16 billion in 30-year notes

Friday, November 13

· International Trade Balance for September – expected to increase to $32.5 billion, up from $30.7 billion in August

· Reuters/University of Michigan Consumer Sentiment Index – expected to increase to 71.0, up from 70.6 at the end of October.

Posted by Matthew Breston on November 9th, 2009 7:57 AMPost a Comment (0)
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