Rates rising on lack of bad economic news

Investing dollars continue to shift into more riskier assets this morning in the absence of any negative headlines on the notion that the European Central Bank (ECB) will begin to start buying Italian and Spanish debt to lower yields in the troubled region.

Stocks are trading higher as they try to make another run at 4-year highs, which is pushing Bond prices lower. There are no economic reports due for release today and the calendar is light for the rest of the week.

Leonard Winslow
Direct: 434-760-2580
E-fax: 434-688-0496
943 Glenwood Station Lane, Suite 200
Charlottesville, Va. 22901
leonard.winslow@newamerican.com
web: http://www.newamerican.com/leonard.winslow
http://www.facebook.com/CharlottesvillesLoanExpert
License #MLO-4817VA-NMLS #265272