dollar: Important Week for Economic Indicators
- 10/15/07 02:16 PM
Received on 10/15/07: Market CommentMortgage bond prices fell last week pushing rates higher. The Fed minutes from the last meeting showed concerns of downside economic risk coupled with continued housing market weakness. However, the Fed indicated the recent easing seemed unlikely to fan inflation, which generally bodes well for bonds. Weaker than expected trade data helped the dollar improve slightly making dollar-denominated securities such as mortgage bonds more attractive to investors. For the week, interest rates on government and conventional loans rose by about 1/8 of a discount point. The consumer price index data Wednesday will be the most important event this week. … (0 comments)
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