Consumer sentiment fell in March according to the Reuters/University of Michigan folks who measure this. The index for March came in at a reading of 69.5, down from 73.6 the previous month. And in earnings news, Bank of America and GE reported stronger earnings than had been estimated, however, revenue and new orders were down at both companies.
Greece is in the news again today as the European bailout seems to be unraveling. This news coupled with the earnings reports has the U.S. stock markets trading lower, which is giving a lift to bond prices. Mortgage bond prices are improved by .125% to .25%, so this is another good day to take advantage of very aggressive pricing.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment