Mortgage News

June 27th, 2011 9:40 AM
This Week starts Monday with Treasury selling $35B of 2 yr notes , the first of three auctions this week totaling $99B and the last auctions before QE 2 ends on Thursday. Economic data Monday, personal income and spending. Later this week manufacturing reports, the ISM and Chicago purchasing mgrs index; recent data on manufacturing has been softening. The stock market continues to suffer under the increasing cloud of the economy back-sliding. As the week moves on trading will thin out going into a long week-end. Normally employment is out on the first Friday of each month, but not when the first Friday is ton the 1st of the month; that data comes on the 8th of July. Not a lot of data this week, the bond market will take its direction from how equity markets perform. Greek lawmakers start a three day meeting on Monday in an attempt to pass spending cuts ($111B) to meet demands from the IMF and EU for a bailout deal.


Posted by Brian Brown on June 27th, 2011 9:40 AMPost a Comment (0)
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