THE BASIS POINT

Foreign Demand for U.S. Treasuries.

 

Foreign Demand for U.S. Treasuries was +$25.5 billion net in September 2013.  It was -$9.8 billion net for August.

Foreign demand may have softened in August because holders feared lower prices if tapering were going into effect.  This is a reminder, in my opinion, as to just how much of a jolt tapering or ending QE will be.  It the Fed tapers or stops buying and foreign governments stop buying I could not even imagine how to finish this sentence.

Housing Market Index (November 2013)

-Index Value 54.  Previous was 54 revised down from 55.

A reading above 50 indicates that more builders are confident than not confident.  Thus, this index is slightly positive
This index is produced from a survey of homebuilders.  They are being asked about the economy in general and housing market conditions (deals in escrow, expected sales in the next 6 months and traffic) in particular.

 

READ OUR NEWSLETTER

YOUR COMPETITORS ALREADY DO

Comments [ 0 ]

WHAT DID WE MISS? COMMENT BELOW.

All comments reviewed before publishing.

x