Monday Market Commentary

by Alex Stenback on October 2, 2006

Oct_1_mmm
                                                         Graphic Courtesy MSNBC
Last Week
Rates held mostly steady for the week, though the economic releases were a rather mixed bag.  Home sales figures managed to surprise and dissapoint the markets, and the PCE report Friday suggested that inflation remains a top concern for the Fed.  Still Holding at 6-month lows.
This Week
The ISM Manufacturing Index (speaks to the health of the Man. sector, can contain inflation clues) could start the week off witha bang, and there are also a handfull of treasury auctions, but all eyes will be on  Friday’s employment report – a weak showing could further establish the fact that the economy is slowing and push rates lower still.

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