US mortgage and treasury interest rates remain range bound with the 10 year yielding around 1.900%. However, the bond market remains volatile with the highly uncertain times for the global financial markets continuing to be front page news.
Big ticket economic reports this week include ISM Service Index, Producer Price Index, Consumer Price Index. Furthermore, the Federal released the beige books with the Fed members torn on whether or not to raise short interest rates in June. Short term interest rates remain pegged at near zero since December 2008 in an effort to promote economic growth.