Housing Data to Drive the Market

by devteam November 23rd, 2009 | Share

The US dollar is weaker, equities are higher, and gold is soaring. That’s how the Thanksgiving-shortened week is beginning after markets slid back late last week.

Led by global markets, US equities are looking to open 1% higher on Monday. Conversely, Treasuries are weaker with the benchmark 10-year yield up 2 basis points at 3.38%. 

Analysts from BMO note the Treasury is issuing $61 billion in short-term bills and $118 billion in 2-, 5-, and 7-year notes this week. “Given the recent hearty appetite (amid concerns about a flagging recovery), [the market] should have little difficulty swallowing the lot,” they said. 

Meanwhile, gold prices are flying $19 higher at $1,166 per ounce as the dollar continues to weaken. 

Key Events This Week:


10:00 â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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