Friday, February 26, 2010

Inman PM: Bye-bye equity

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Friday, February 26, 2010

Bye-bye equity
By LOU BARNES The bond market rallied this week and long-term rates fell, unfortunately in response to lousy economic news. Lowest-fee mortgages fell to 5 percent, and the 10-year Treasury note has approached its next key level: 3.6 percent. Every item in this grim litany was forecast to improve, and none did. The Conference Board's measure of consumer confidence in February collapsed to present-conditions 19.4, the worst since 1983. More »

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