Money Market Recap & Forecast from the Daily Communicator
March 15th, 2010
Written by Frost Mortgage
Categories: Monday Money Market Recap & Forecast
Treasury prices took a tumble on the heels of the February employment report two Fridays ago. Yields, which move in the opposite direction of prices, rose and remained high all of last week.
There were no reports to encourage buying in Treasuries. And Wall Street was pretty quiet. Bond traders were concerned about the $84 billion in government debt going on the auction block, but demand was very strong. Nevertheless, worry persists that huge supply will water down demand.
Monday and Tuesday were void of reports, and there might as well not have been any on Wednesday, considering it was on wholesale inventories for January. They went down 0.2%.
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