U.S. Treasuries are rallying sharply this morning pushing the yield on the 10 year note down to 2.20% after it touched 2.42% last week. It seems we are back to uncertainty in the Euro zone again this morning, which is probably something folks should get used to. Unlike the Federal Reserve in the U.S., there is not one central bank with similar authority, and given the diverse economies of the various countries, a resolution to this financial crisis will drag on.
This week brings us a full economic calendar and a two day Fed meeting, which begins Tuesday and will end Wednesday with the accompanying announcement. And on Friday the markets will get the all important payroll data, with current projections for job growth of 95,000 and the unemployment rate holding at 9.1%.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment