Market Comment
The serious concerns over Greece's ability to remain solvent and meet payments on their large debt have led some investors towards the safe haven of the U.S. in recent weeks, helping to support our Bond prices. Today, word that the European Central Bank is meeting soon to combat the problem has caused a shift back into Stocks and has prompted some selling in the Bond markets. In fact Germany has just come to the aid of Greece and the stock market is rallying.
St. Louis Fed President James Bullard said yesterday that inflation concerns have shifted toward the upside in the medium term. In the past few weeks we have seen more Fed members express concerns over inflation.
At 1pm ET, the Bond market will brace itself for the results of today's whopping record $40B 3-Year Note auction. This event could spark volatility later today.
Recommend locking on the possibility of an inter-day reprice.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
St. Louis Fed President James Bullard said yesterday that inflation concerns have shifted toward the upside in the medium term. In the past few weeks we have seen more Fed members express concerns over inflation.
At 1pm ET, the Bond market will brace itself for the results of today's whopping record $40B 3-Year Note auction. This event could spark volatility later today.
Recommend locking on the possibility of an inter-day reprice.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
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