Wednesday, April 14, 2010 7:10 AM
Price Trend: Negative Price Volatility: Very High
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Current Conditions:
FNMA 4.5 100-03 (-6)
GNMA 4.5 100-29 (-4)
10yr Yield 3.845
Today's Economic Data
CPI 5:30
Retail Sales 5:30
Business Inventories 7:00
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Commentary:
Today is the busiest day of the week in terms of economic data. CPI and Retail Sales were both released
earlier this morning and had conflicting effects on bond prices. CPI was very close to expectations and
continued to show that inflation is not an issue. Retail Sales beat expectations for March and February's
numbers were also revised higher. This is very good news for the economy as a whole and if consumers
continue to spend, then inflation cannot be far behind. This has put some noticeable pressure on bonds
while helping to lift the DJIA which rallied to close above 11k for the second day in a row yesterday.
Later this morning the Fed will release their economic synopsis in the form of their Beige Book. This will
demand the attention of the markets. It is expected to show continued economic conditions in most of the
country.
- Richard Sellers
- elitesellers@gmail.com
- Website
- www.arrowheadlifestyles.com
- Office Phone
- (909) 336-2131
- Cell Phone
- (909) 553-1897
- Fax
- (909) 336-2500
- Address
- 27206 Hwy 189, Blue Jay, CA, 92317
- Description
- "Life isn't about how to survive the storm, but how to dance in the rain."
- Real Estate Broker, DRE CA License #01148405
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