<< Utah Rates - 3 July 2007 | Home | Utah Rates - 6 July 2007 >>

7/6/07 Market Snapshot

 A stronger than expected jobs report lead to lower bond prices and higher yields as market investors fear a Fed rate increase.  The May new jobs number was also revised upward.  Wages and salaries have grown for the past two months indicating strength in the employment sector and leading some economists to believe a recovery will occur during the second half of the year.  The once anticipated reduction in rates by the Feds is all but gone, with renewed fears by some that rates will actually be increased.  Bond yields are currently 5.17 percent, a significant reversal from the low yields we experienced earlier in the week.        

Print | posted on Friday, July 06, 2007 9:00 AM

Feedback

No comments posted yet.

Your comment:





 
Please add 4 and 5 and type the answer here:

Copyright © Jim Beech

Design by Bartosz Brzezinski

Design by Phil Haack Based On A Design By Bartosz Brzezinski