7/2/07 Mortgage Market Snapshot

Bond yields continue to hold steady around the 5.02% yield level this morning.  Bond yields dropped last week as the FOMC statement had no surprises, and the Personal Consumption Expenditures, the Feds key inflation indicator, was in line with expectations on Friday.  That number was reported at 1.9%, which is below the feds 2.0% level which is generally considered the high end of the Feds comfort zone.  Bonds were also helped along by the terrorist events in Great Britain over the weekend, as investors moved money into the safe haven of Treasuries. 

Print | posted on Monday, July 02, 2007 9:37 AM

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