The main economic news this week was out of the Euro zone. The continuing debt woes in Europe are once again making investors worry, as euro zone finance ministers agreed to lend up to 100 billion euros to Spain so it can shore up its banks.
Ten-year Spanish bond yields hit euro-era highs amid worries that the country will eventually run out of funds and need a Greek type bailout.
THE WEEK AHEAD
MONDAY: Chicago Fed nat’l activity index
TUESDAY: FHFA home price index, Richmond Fed manufacturing index, 2-yr note auction
WEDNESDAY: Weekly mortgage apps, new home sales, oil inventories, 5-yr note auction, USDA food prices outlook
THURSDAY: Durable goods orders, jobless claims, pending home sales, 7-yr note auction, CFTC emergency meeting
FRIDAY: GDP, consumer sentiment