Tuesday, July 16, 2013

The Mortgage Update

Treasuries rose yesterday after the lower than
expected retail sales report, and continued to open
higher this morning. We then gave back some of this
mornings gains following the CPI report, which showed
that cost of living in the US rose in June. The big news
of the week will be Bernanke's two-day testimony
which is set to kick off tomorrow.

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