Money Market Recap & Forecast from the Daily Communicator
April 26th, 2010
Written by Frost Mortgage
Categories: Branch Partner Opportunities, Economy, Loan Officer News, Monday Money Market Recap & Forecast, Mortgage Banker News, Mortgage News, Net Branch Opportunities
U.S. Treasuries had a decent week, thanks to on-and-off debt problems in Greece. When a resolution seemed near, Treasuries sold, but when plans disintegrated, the flight to quality was on, driving prices up and yields, which move inversely to price, down.
Until Friday, scant economic reports had a minimal effect on Treasuries, which thrived on Wednesday as worries about Greek debt flared up. But word that Greece acquired emergency loans cooled buying.
Monday saw mild carryover from the previous Friday’s SEC charges against Goldman Sachs. Traders are awaiting news of any Wall Street reform, which, if passed, would likely benefit bonds.
The only report showed the index of leading economic indicators rose by a strong 1.4% in March, further indicating recovery is underway, but market momentum didn’t shift.
If you’re interested in reading the entire report, published every day and packed with valuable information you can use in your business from mortgage industry leader Greg Frost, please visit The Daily Communicator: http://www.thedailycommunicator.com/
Please take a moment to learn more about how Frost Mortgage can help you. If you're looking for a mortgage, please visit our Find a Loan Officer page. And if you're looking for the best Branch Partner opportunity in the business, please visit our Branch Opportunities page. Thank you!
Also, please follow us at
[...] This post was mentioned on Twitter by CrossCut PR, GregFrostJr and Christopher Frost, Greg Frost Sr.. Greg Frost Sr. said: From our blog: Money Market Recap & Forecast from the Daily Communicator: U.S. Treasuries had a decent week, thank… http://bit.ly/craW5I [...]
Social comments and analytics for this post…
This post was mentioned on Twitter by gregfrostsr: From our blog: Money Market Recap & Forecast from the Daily Communicator: U.S. Treasuries had a decent week, thank… http://bit.ly/craW5I…