The U.S. bond market has slipped this morning, dragging down mortgage prices. It seems the specter of Greece defaulting on its debt is fading, taking away the flight to quality bid we saw this week in U.S. Treasuries.
Next week is another light week in terms of economic data with the exception of Wednesday and Thursday. Wednesday we will see the Consumer Price Index and Retail Sales and Thursday the markets will get a read on Industrial Production. The take aways from these reports will be the pace of inflation and the strength of any recovery among consumers and manufacturers.
Have a great weekend!
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