Market Update 5/19/2008

By
Mortgage and Lending with CYPRESS MORTGAGE

Treasuries rose on speculation slowing economic growth will curb inflation in the

world's largest economy, weakening the case for an increase in interest rates. The

U.S. economy will continue to stagnate, according to a leading indicators report from

the Conference Board today, economists surveyed by Bloomberg News forecast. The

two-year Treasury yield fell 2 basis points to 2.43 percent as of 7 a.m. in New York,

according to bond broker BGCantor Market Data. The 2 1/8 percent security due April

2010 rose 1/32, or 31 U.S. cents per $1,000 face amount to 99 14/32. Ten-year yields

may drop to as low as 3.72 percent this week and the two-year note will probably yield

between 2.3 percent and 2.5 percent, Maloney forecast. The Conference Board's

index was probably unchanged in April, after a 0.1 percent increase in March. The

measure points to the direction of the economy over the next three to six months. The

New York-based research group will release the report at 10 a.m. local time. The

market is unchanged to .125 better in discount this morning.

Comments (1)

Tucson Real Estate Experts Anne McKechnie
Coldwell Banker Residential Brokerage - Tucson, AZ
Previews Property Specialist

HI Brent

 

Great info I will keep reading :)


Anne

May 19, 2008 05:26 AM