Monday Market Commentary

by Alex Stenback on February 6, 2006

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                                                         Graphic Courtesy MSNBC
Last Week
Rates up again, adding about .125% across the board.  The non-farm payrolls report missed to the downside, but with a drop in unemployment, and upward revisions to previous data, the news was decidedly upbeat – upbeat economic data is not normally a recipe for lower rates.
This Week
Mostly second-tier reports on the calendar, though things could be slightly volatile as the markets digest last week’s data, which may have been enough to cement at least one more Fed rate hike.  Interesting note: the 30 year treasury bonds hit the auction block Thursday for the first time since 2001.
ยท This Week’s Economic Calendar [barrons.com]

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