Wednesday, April 3, 2013

March Employment Report is due on Friday and is reported to be lower than expected.

No Market Reports are expected to increase rates much due to the offset by the turmoil in Europe.
Cyprus pushed the 10yr. note down to 1.86%., proving that the European Union Banking crisis is not over.

Last Thursday the S%P 500 Index posted a new high just three weeks after the DJIA Index climbed to a new all time high.

The consensus is that the only factor keeping rates from increasing is the FED continuing to purchase treasuries and Mortgage Backed Securities through the end of the year.

-Nancy Bierman

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