Tuesday, May 29, 2012

Traders work on the floor of the New York Stock Exchange Stock Futures Signal Higher Wall Street Open

Tuesday brings consumer confidence data before lenders set pricing. The bond market closed at 2:00 pm ET Friday and will be closed Monday in observance of the Memorial Day holiday. In addition bonds will not trade in the UK, Germany, France or Japan on Monday. Tell your floating borrowers that Tuesday is likely to be volatile (direction unknown) as trading resumes to normal and market players digest the news from Europe.

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