Fundamentals 9/19: Rates Down

Greece & Yield Forecast
As I have been saying for 7 weeks, concern over Eurozone debt will drive US Treasury and mortgage yields (rates) to record lows. The angst meter is moving to the right this morning.

Housing
-Home Builders Assn September Housing Market Index was 14.
-50 is neutral. Another poor report.

The remainer of this week has Housing Starts (Tuesday), Existing Home Sales (Wednesday), Leading Economic Indicators (Thursday) in addition to the weekly data. There is also an FOMC meeting. Here’s a more detailed discussion of last week and this week.