Interest Rate Roundup

Friday, April 27, 2007

Answering some unanswered questions from earlier

Just to wrap up some of the open questions I posed earlier, the DXY did indeed hold support ... barely ... and the bonds did close down on the day (4/32 on the long bond future). We didn't get a convincing breakout in the euro or pound, but we didn't get a convincing rejection of these key levels, either.

I guess it will be up to next week's heavy economic calendar to give us some closure. March personal income and spending is due out on 4/30, April ISM manufacturing is due out 5/1, and April nonfarm payrolls and unemployment rate stats are due out on 5/4. Have a good weekend everyone!


Post a Comment

<< Home

Site Meter