Triangle Business Today

Consumer sentiment highest in four years

Posted May 25, 2012

Europe? What Europe? US Consumers seem not to care about activities across the pond as we received a very strong University of Michigan’s Consumer Sentiment report for the month of May which gave us a reading of 79.3 and is the Index’s highest figure since October 2007. It’s great to see a bullish consumer, although the question has to be asked… for how long will this optimistic rise continue if economic pressures from global players persist in the coming months?
Treasuries – still focused primarily on Europe, essentially ignored the much better than expected data, dropping to a yield of 1.74% by mid-morning. The bond market closes early today at 2pm for the Memorial Day Weekend. Markets will reopen on Tuesday. Enjoy the holiday weekend!


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About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.