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Today’s Market Color
06/27/2011
Treasury prices are slightly lower as we head into the final week of the Fed’s QEII program. This week’s economic calendar is fairly active but investors are likely to remain more focused on Wednesday’s Greek austerity vote. With that decision looming large on the horizon, markets will likely remain skittish as the situation develops. This morning release of May’s personal income and spending reports produced lower than expected results. Both income and spending were unchanged from last month’s anemic increases of +0.3%. Currently, the Ten Year yield is at 2.878% and the 2-10 yield spread is at 252bps, flattening 5bps from Friday morning’s levels.
