HomeLoans Blog

The bond market had a major correction last week, see my previous post and video. Generally such a move would be excellent news for the economy, but in this painfully slow recovery it does not take excellent news.

It only took the possibility of a hint of good news. Because investors want to get into the stock market for potentially higher yields than are now available in the historically high bond market.

Over the weekend though the European debt situation seemed to worsen, although those concerns have lessened during the week.

Bonds did rebound on Tuesday and held yesterday. The big news of the week is today and tomorrow with weekly employment.