Danny Salas

Chico, CA Interest Rates Market Report – Economic Influences – November 9, 2009

Bonds Higher On Friday's Jobs Numbers

The G-20

No real economic information to report on today.  Stocks are taking off on a reaction from The G-20 (a group of finance ministers and Central Bank Governors from 20 world economies), came out and stated that they will continue to funnel funds into economies until a global recovery was assured.  So, it’s interesting that the reaction to the Stock Market would be so jovial, when it’s difficult to determine what the statement from the G-20 could possibly mean.  For example, if it’s their will to print money until some sort of recovery is apparent, how inflationary will that be?

Bonds Holding Their Own

Even in light of Stocks taking off, Bonds are hanging in there.  The only problem I see is that we’re at a level of pretty darn heavy resistance.  I’m not sure that any heavy information could be reported to move Bonds much higher, and therefore, interest rates lower.  If you choose not to lock in, you’d better be ready to do so immediately, as, again, I just don’t see us breaking through those two heavy lines of resistance.

Tax Credit Extension

The big news was President Obama signed the Tax Extension for not only First Time Homebuyers, but primary residence purchases.  Also, the House passed the Healthcare Initiative.  Now it goes to the Senate where it may meet oposition.  It will be interesting to see how this pans out. 

Related Must Reads

Inflation, Inflation, Inflation
Read How Bonds Effect Interest Rates
Consistent Inconsistency

What To Subscribe To:

Get Our Twitter Updates
Get Our Blog Blast
Connect With Us On Facebook

This entry was posted on Monday, November 9th, 2009 at 10:13 am and is filed under Chico Home Loans, Home Buying, Interest Rates, Weekly Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply