Friday we saw a nice rebound in bond prices, and this has continued into Monday morning, although not as dramatic. The markets remain concerned about the events in Europe and this is causing continued volatility in both stock and bond markets.
This week has a full economic calendar including data on inflation. While the data is important, Europe will be the over-riding concern. This is reflected in the overnight libor rate, which is creeping higher—indicating banks are becoming more reluctant to lend to each other.
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