On Tuesday this week, the Federal Open Market Committee (FOMC) will be holding their first meeting and will adjourned on Wednesday at 2:15ET. At that time, Bernanke and Company (FOMC) will release their first meeting results which will be scrutinized word for word by the traders. The traders will be looking for to see if and when the FOMC [...]
Continue reading...20 September 2010
This will be a quiet week even though several economic reports will be released from housing to FOMC. But overall, mortgage interest rates have been holding at these lower rates though this can change at a blink of an eye. The most important news for this week will be Bernanke and Company’s schedule meeting on [...]
Continue reading...13 September 2010
This week, we have two important economic reports that can move the bond market and therefore mortgage interest rates. These reports will come out on Tuesday and Friday with Retail Sales and CPI being released. Tuesday’s Retail Sales will report whether the consumer is spending or not. Remember, two-thirds of our economy is made up of [...]
Continue reading...9 August 2010
This week we have five relevant reports that could affect the bond market and therefore, mortgage interest rates. The first is the all important Federal Open Market Committee (FOMC) meeting on Tuesday. This is where traders will scrutinize every word that is published from Bernanke and Company’s press release. Most important will be the wording on the [...]
Continue reading...12 July 2010
This week will be a busy one with 6 important economic reports being released all towards the end of the week. So what is in store for us? First off will be the one of two Treasury Auctions on Tuesday when the 10 year Notes will be sold. Retails Sales and the FOMC meeting [...]
Continue reading...14 June 2010
This week will be full of what the Fed will do next week during their schedule meeting June 22-23. The main debate as always will be whether they will raise their Fed Fund Rate which is the short term interest rate that banks change each other for use of overnight funds. If they raise the rate too fast, it could cause [...]
Continue reading...24 May 2010
It was another volatile week for the stock market as stocks lost ground and traders flocked to the bond market for security. Europe was the headline news as traders worry if Greece will be able to turn their overall financial situation around or if they will default on their loans in the future. [...]
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24 January 2011
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