Money Market Recap & Forecast from the Daily Communicator

June 14th, 2010

Written by Frost Mortgage

Although there was little economic news to influence traders early in the week, the benchmark 10-year note started out strong. The continued decline of the euro pushed stock prices down on concerns about its effect on the global economy. The rush to the safe haven of U.S. Treasuries continued.

The 10-year yield, which moves inversely to price, closed at 3.15% and stayed in that area until Thursday.

Wednesday’s Fed beige book release showed signs of economic improvement in the nation’s 12 federal districts, which provoked light selling. But the report stated that economic growth was mild, slowed by the Gulf oil spill and the economic situation in Europe.

Treasuries were hit Thursday. First-time jobless claims for the week ended June 5 fell by 3,000 to 459,000, and the four-week average rose to 463,000.

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 entry was posted on Monday, June 14th, 2010 at 9:25 am and is filed under Branch Partner Opportunities, Monday Money Market Recap & Forecast, Mortgage Banker News, Net Branch Opportunities, The Daily Communicator. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply