The bond market rally continued last Friday as investors shed risk in favor of safer assets. This translated to improved pricing on the rate sheet which is a trend we all hope to see continue. It is a very important week this week with several key economic indicators set for release as well as the FOMC meeting on Wednesday. This will be Ben Bernanke’s last major meeting as Fed Chairman and the expectations are that the Fed will continue to reduce their bond buying program at the same pace. Looking ahead at the rest of the day we have New Home Sales at 10:00 AM and the Dallas Fed Manufacturing Survey at 10:30 AM.
No comments:
Post a Comment