February 15th, 2011 7:36 PM by Eileen Denhard
In the news this week (February 7 – 11, 2011)
This has been a quiet week on the economic report front, though with all the news happening around the world, there’s plenty of action that could impact the markets.
Thursday’s weekly Initial and Continuing Jobless Claims Report. Last week, Initial Jobless Claims declined to 415,000, which was below the 425,000 expected, and reversed most of the increase from the previous week. We’ll talk about this week’s report next time and its impact on the bond market.As you can see in the chart below, bonds and home loan rates worsened due to a mix of positive economic news, a decline in unemployment, and hints of inflation in the air.
Bank of America