Little activity in the bond markets today ahead of the release of additional insight into the recent FOMC meeting. Unless word from the Fed moves markets in either direction or headlines out of Ukraine prove stirring, watch for static mortgage interest rates.
For market movers this week, keep an eye out for Thursday's Jobless Claims, Philly Fed Business, and Existing Home Sale numbers.
Yesterday: Consumer Price Index data came back flush with expectations, but Housing Starts were stronger than expected, up almost 16 percent in July. Mortgage bonds had started the day relatively strong but started sinking ever since. Mortgage rates rose.
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