Daily Market Update 6/25/10

Rates were little changed Friday in volatile trading as investors tried to analyze the impact of the financial regulatory bill that was reconciled in committee last night. The final bill is expected to pass the full House and Senate and be signed into law next week. Also of note, the Jobless Bill containing an extension of the homebuyer tax credit “close-by” deadline to September 30 failed to pass yet again. In economic news, final first quarter GDP was revised lower to +2.7% from +3.0%. Consumer Sentiment rose to 76.0, slightly above consensus forecast. Next week will be busy, with the release of the Chicago Purchasing Managers Index on Wednesday, the Institute for Supply Management manufacturing index on Thursday, and the closely-watched Employment Report for June on Friday. No other data will be released today.

Leave a Reply

Your email address will not be published.

Back to top