Saddam Hussein

WeeklyBasis 12/15/03: Low Inflation, Low Utilization Fueling Low Rates

Rates/commentary for the week of December 15, 2003. Rates are lower by about .125 to start this week. On news of Hussein’s capture, investors bought equities and sold bonds, but this rate-unfriendly trading activity was more muted than expected because everyone is waiting for Tuesday’s economic data. Consumer Price Index (which measures inflation) and Capacity