SamTrader1
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By, BinaryOptionStrategy.com
ECONOMIC NEWS
Traders were watching the credit markets in the past week, particularly when the Fed refused bids on half the $3.8 billion securities for sale in its auction of mortgage assets. Bonds backed by subprime mortgages were among the first to shows signs of wear since markets came under pressure in late April. Yields on subprime mortgages and other risky bonds have risen close to 8 percent from 6.5 percent in March. The end of quantitative easing (QE2) has become a constant topic of discussion as investors attempt to gauge what it’s absence could mean to markets. Under the program, which began late last year, the Fed is purchasing a total $600 billion in Treasury securities through June 30.
THE WEEK AHEAD
Tuesday: NFIB (small business) survey, retail sales, PPI, and business inventories
Wednesday: CPI, Empire State survey, TIC data, industrial production, NAHB survey
Thursday: Initial claims, housing starts, current account (q1), Philadelphia Fed survey
Friday: consumer sentiment, leading indicators
Traders were watching the credit markets in the past week, particularly when the Fed refused bids on half the $3.8 billion securities for sale in its auction of mortgage assets. Bonds backed by subprime mortgages were among the first to shows signs of wear since markets came under pressure in late April. Yields on subprime mortgages and other risky bonds have risen close to 8 percent from 6.5 percent in March. The end of quantitative easing (QE2) has become a constant topic of discussion as investors attempt to gauge what it’s absence could mean to markets. Under the program, which began late last year, the Fed is purchasing a total $600 billion in Treasury securities through June 30.
THE WEEK AHEAD
Tuesday: NFIB (small business) survey, retail sales, PPI, and business inventories
Wednesday: CPI, Empire State survey, TIC data, industrial production, NAHB survey
Thursday: Initial claims, housing starts, current account (q1), Philadelphia Fed survey
Friday: consumer sentiment, leading indicators