This week provides a full economic calendar and more debt auctions from the U.S. Treasury, beginning today with 2 year notes, followed by 5 year notes and 7 year notes, Tuesday and Wednesday, respectively.
This morning we saw data on personal income and spending which reflected stagnant consumer spending and slowing growth in personal incomes. The remainder of the week will give us data on housing prices and the health of the U.S. industrial sector.
Of course the Greek debt crisis remains front and center and is the main focus of markets again today. The fear of a global economic slowdown is growing resulting in stock market losses, falling commodity prices, including oil, and lower interest rates.
This morning U.S. Treasuries opened flat from the close on Friday, offering another opportunity to take advantage of low mortgage rates.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment