1/14/10

Good morning. The market did not do so well yesterday and in fact saw some intra-day price changes from some investors. The 10-yr sale went “ok”, and today we have 30-yr bonds to wade through. Also today we will have Jobless Claims and Retail Sales, along with Import/Export Prices. Ahead of those numbers the market were pretty quiet. As it turns out, Retail Sales unexpectedly fell in December by 0.3% last month, the first decline in three months, after rising by an upwardly revised 1.8 percent in November. This morning mortgage prices are slightly better than the close Wednesday.