Tuesday Market Notes
Retail Sales was up 2.3%, much higher than predicted. Both auto and non-auto sales were up. Thus, our market came down, as well as bonds. Some of the loss was made up for in the late AM, but it quickly shifted back down. Bonds are currently at -.250. Our market is -.125. Stay tuned tomorrow, as Bernanke will meet with Congress regarding the Fed Policy outlook and inflation.


MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.
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