Treasury yields where higher this week. The 10-Year Treasury Note closed the week at 3.98%, up 10 basis points from last Friday's close at 3.88%. Mortgage rates this week once again departed from the trend of the 10-Year Treasury. Next week: Thursday will see a lot of financial announcements, from Jobless Claims to the Consumer Price Index and Housing Starts will be announced on Friday.
The Dow Jones industrials, closing down 127 points on Friday, still ended a disastrous three-week losing streak with its best one-week gain in five and a half years, up 4.75 percent. The three-month London interbank offered rate, or LIBOR, fell to 4.41 percent from 4.50 percent on Thursday, the fifth consecutive day of declines. This is the key indicator to watch because a decline means commercial credit markets are improving.
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