Monday, June 13, 2011

Market commentary

There are no economic releases scheduled for today, however, the remainder of the week is data heavy including the Producer and Consumer Price indices, manufacturing reports, housing data, and a survey of consumer confidence.

This morning U.S. stocks are rebounding from last week’s declines, but the DOW remains below 12000. The yield on the 10 year note has pushed back through the 3% mark, currently trading at 3.01%. Mortgage prices are worse by .20% to .30%.

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