4/27/10

Interest rates worsened slightly this morning as mortgage bonds move higher helped by the safety bid of Treasuries off of more Greek anxiety. Today begins day one of the FOMC meeting where they are expected to hold rates unchanged. Today also begins this week’s series of non-inflation indexed note sales with $44 billion of 2 year maturities with results due around 10am. Adding to the drama of the day, we have Goldman Sachs executives on Capitol Hill, answering questions and defending reputations. This is good television! In economic news released this morning Home Prices rose less than forecast but Consumer Confidence rose to the highest level since 2008. A mixed message indeed…