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Oil Market Swings As Bond Rally Cools And Home Sales Rise
In New York analysts note a bond market selloff as long term rates rise and hopes for rate cuts fade. Mortgage rates drop spurred a 4.4 percent January rise in new single family home sales to a seasonally adjusted 753,000. Oil futures edge up on Persian Gulf ministerial meeting prospects. Also: Aiken volunteers prepare for Triple Crown events and Busbee Elementary PTO meets in Wagener.
MENTIONED IN THIS ARTICLE
New York
U.S
Commerce Department
West Germany
Japan
Treasury
Washington
Federal Home Loan Mortgage Corp
Wall Street