Monday, October 21, 2013

The Mortgage Update 10/21/213

Friday was a quiet day for the Bond Market with no Fed speakers or economic news released. Overnight Treasuries snapped a 3 day gain before the delayed Jobs Report is released tomorrow. Economists predict the report will show U.S. employers added the most jobs since April last month and durable goods orders climbed. Yields rose from their lowest levels since July amid signs the economy is finally gathering momentum. Today Existing Home Sales Report is due at 10 AM, sales fell in September. With the government back in action we will finally get some meaningful economic data and that could mean more volatility for the market.




No comments:

Post a Comment