Username:    Password:   
Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond and world FX market participants.
The Market At 2008-07-08 15:58:37 ET

10-Year: 3.890 +02+/32   GNMAs:    EUR/USD: 1.5653   USD/JPY: 107.4440

(14:05) Getting safe-haven boost, trade still light
(13:44) Still prodding the highs 
(12:04) Nearing session highs at midday
(10:50) Perking up
(09:13) Slinking lower
(08:20) Opening flat
(07:31) A little bid; 10-yr +02/32 yielding 3.892%
Pending Home Sales: Actual -4.7%, consensus -2.8%, prior 7.1% (revised from 6.3%)
Wholesale Inventories: Actual 0.8%, Briefing.com 0.7%, consensus 0.6%, prior 1.4% (revised from 1.3%)
Consumer Credit: Actual $7.8B, consensus $7.0B, prior $7.8B (revised from $8.9B)
Bernanke will testify in semi-annual report to congress next Tues & Wed

Flatter in Mixed Business: The market was mixed, as the long end rolled higher, but was unable to see levels reached in Mon's run-up getting an added boost as crumbling commodity prices helped lessen inflation concerns.  Bonds managed to retain gains through much if the session, still getting some of its bid on worries over financials and a...

The Interest Rate Outlook

Last Updated: 2008-07-07, 16:12:47 ET

Watching Fed Directives
The breathlessly awaited FOMC meeting has come and gone, with the general response to the much anticipated statement being “duh.” The policy-posse was in a tough spot, still is, but overall players seem to think they did the right, the only, thing they could, which was to hold on rates but pepper the statement with a dash of heated inflation talk (that was not over...
Last Updated: 2008-06-30, 08:57:21 ET

The economic data this past week did nothing to alter our economic view.
May retail sales were stronger than expected, posting a 1.0% increase. This suggests that May real personal consumption expenditures (PCE) will post a modest increase. April real PCE was slightly above the Q1 average and a May increase will help the GDP calculation. Real PCE should provide a modest boost to the second...

Date ET Release For Actual Briefing.com Consensus Prior
Jul 0815:00:01Consumer CreditMay$7.8B$5.0B$7.0B$7.8B
Jul 0810:00:00Pending Home SalesMay-4.7%-2.8%7.1%
Jul 0810:00:01Wholesale InventoriesMay0.8%0.7%0.6%1.4%
Jul 0910:30:01Crude Inventories07/05NANA-1982K
Jul 1008:30:01Initial Claims07/05395K395K404K
Jul 1114:00:01Treasury BudgetJunNA$33.0B$27.5B
Jul 1108:30:01Export Prices ex-ag.JunNANA0.4%