Thursday, September 17, 2020

IJC: 860K; CJC: 12.5K

housing starts: -5.1%; permits: -0.9% all inclusive, but single family numbers look good;

plus, rise in lumber prices are hurting construction

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fed left the rates unchanged

2 yr rates drop slightly to catch up further explained by the chief that market has moved ahead raising rates and not waiting for fed action...