Yesterday, former FBI director Comey's testimony on Russian probe and president Trump caused some volatility in the market with a slight drop which, however, mostly recovered towards the end of the day. From the other side of the globe, British Prime Minister May failed to secure 326 seats required to form a majority government which is likely to bring more complications to Brexit negotiations.
This information is provided solely for informational use and is not intended as trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not a licensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice
Yesterday, former FBI director Comey's testimony on Russian probe and president Trump caused some volatility in the market with a slight drop which, however, mostly recovered towards the end of the day. From the other side of the globe, British Prime Minister May failed to secure 326 seats required to form a majority government which is likely to bring more complications to Brexit negotiations.
On today's economic calendar, we only have Wholesale Inventories which came in lower at -0.50% vs. -0.30% consensus.
The curve has bear-steepened with UST 10-Year yield up 3.6 bps.
Have A Fantastic Weekend!