Monday, August 13, 2012

Expect more volatility

Mortgage bond prices opened slightly weaker this morning adding to the losses from Friday afternoon.

There is no data today but this week brings some important releases with retail sales and inflation data toward the front portion of the week.

News out of the euro zone was not as bad as typical. Greece economic growth declined 6.2% but beat estimates of a 6.6% decline. This isn't exactly good for Greece but in the short term gives some hope.

Stock futures are slightly weaker while oil prices are slightly higher this morning. Expect more volatility from both.

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