Tuesday Market Commentary

by Alex Stenback on January 3, 2006

12_29_rates
                                                         Graphic Courtesy MSNBC
Last Week
Very thin volume last week, with mortgage trading desks staffed by skeleton crews.  Rates rates did fall very slightly ahead of the holiday weekend however.
This Week
As we write this the market is threatening to take back some of the mild gains from last week.  Key events on the economic calendar this week will be the minutes from the last Fed meeting (Tue) and the employment report (Fri) – both of which could roil the mortgage bond market.
ยท This Week’s Economic Calendar [Barrons]

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