Friday, October 17, 2008
Rate Watch 10/16 and 10/17/08: Floating
Yesterday and today were good for bonds! The volatility continues in the stock market and Bonds have caught a break as a result. Bond friendly reports on inflation, worse than expected new housing starts, and downward revised profit estimates, have all helped Bonds this past few days. For now, waiting for all of the economic help from the Government to get into place and to start working is the best advice I can give right now. We will continue to see volatility in Stocks and Bonds, but sooner than later we will begin to see improving rates.