Monday Market Commentary

by Alex Stenback on January 16, 2006

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                                                         Graphic Courtesy MSNBC
Last Week
Another good week for the bond market as rates pushed lower on somewhat dissapointing retail sales, a well bid treasury auction and a downward-trending core PPI.  Geopolitical turmoil (ahem, Iran) helped to underpin the rally.
This Week
Markets closed today in observance of MLK.  Later this week, we have Industrial Production (Mon), CPI (Tue), Housing Starts, some regional sentiment numbers, and a handfull of Fed speakers.  A lot to squeeze in a short week, but the market will need some additional fuel to sustain the lower rate trend.
ยท This Week’s Economic Calendar [barrons.com]

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