Friday, July 10, 2009
Consumer Sentiment and Earnings Angst Spurs Buying in Treasuries--Pushing Yields Lower
Weaker than expected earnings estimates from Chevron and a lower read on consumer sentiment sent investors fleeing for Treasuries pushing yields lower. Although this is a bad thing for the market, it is a potentially positive development for GATT rate calculations going into August.
Posted by Harris Financial Group at 10:08 AM