Thursday, July 2, 2009

FW: Inman PM: Bond market to Obama: Wake up

Inman News PM Headlines

 

 

 

From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Thursday, July 02, 2009 5:11 PM
To: mark@itsyoursale.com
Subject: Inman PM: Bond market to Obama: Wake up

 

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Thursday, July 02, 2009

Bond market to Obama: Wake up
News of a 467,000-job loss in June, one-third worse than forecast, is hurting stocks but no help to long rates: the 10-year is stuck at 3.5 percent, mortgages just under 5.5 percent.

"Green shooters" say the payroll weakness was magnified by temporary auto-plant closings, and they point to signs of bottom in auto sales and housing prices, and see optimism in the June ISM-manufacturing survey crawling uphill. More »


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Rates down quarter percent from '09 peak


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