Fundamentals 5/31
Home Prices:
Case-Shiller Home Price Index:
– 10-city, not Seasonally Adjusted – Month/Month change -0.6 %
– 10-city, Seasonally Adjusted – Month/Month change -0.1 %
– 10-city, not Seasonally Adjusted – Year/Year change -3.6 %
– 20-city not Seasonally Adjusted Month/Month -3.6%
Consumer Confidence:
May: 60.8. Below previous and consensus
The Eurozone debt crisis (must like the fiscal crisis in the U.S.) avoids a solution. Today, Bloomberg has a story suggesting that there will be a new aid package for Greece by the end of June. The lack od resolution of the Eurozone debt issue is keeping U.S. Treasury yields low.