Monday Market Commentary

by Alex Stenback on April 10, 2006

Last Week
Mortgage bonds were hammered again on Friday, and rates moved up a little.  The unemployment report came in mostly in line, but news that the Bank of Japan may be raising rates again spurred a selloff, which forced mortgage rates up .125% or so.
This Week
Retail sales, consumer sentiment and industrial production head the calendar this week.  Time will tell if Friday’s selloff was a bit of an overreaction – we think it might of been – so if all is quiet on the inflation front and there are no suprises, foreign or domestic, rates could creep back down a little.
· This Week’s Economic Calendar [barrons.com}

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