Several reports are scheduled to hit the wires this week, with the potential to make for more good or bad days in the Bond Market. A big market mover may come Wednesday at 2:00pm ET, when Ben Bernanke and the Fed release the Minutes from their last meeting on April 30th. These minutes often give us greater insight as to what Bernanke and the Fed may be thinking about inflation and the state of the economy. Go to www.tombrewerjr.com for more information.
Remember when Bond prices move higher, home loan rates move lower...and vice versa. Despite some declines in the early part of the week, Bonds were able to rally back as you can see in the chart below. I'll be watching closely to see if Bonds can remain above the layer of resistance at the 50 and 100-Day Moving Averages.
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