European unrest impacts Monday markets
Posted April 23, 2012
Monday started off on a strong note for the mortgage and bond markets. Bond prices rose significantly and mortgage rates saw a nice price decline thanks to continued uncertainty coming out of Europe. The Dutch were signaling trouble this time, which is especially concerning given their perceived conservative fiscal nature.
The Dow dropped triple digits on the European news.
No major economic data reports out Monday, but the rest of the week will be chock full of interesting insight.
Tuesday brings us Consumer Confidence and New Home Sales. Wednesday will deliver the results of the Fed meeting along with Durable Goods. Thursday provides insight into Weekly Jobless Claims, and Friday brings us the Consumer Sentiment Report.