Archive for April, 2011

April 2011

April 30, 2011  |   Monthly Commentary   |     |   0 Comment

Fixed Income Market Recap Economic data released during the month of April were solidly representative of a self-sustaining economic expansion. Of the major indicators, retails sales were surprisingly strong, consumer confidence improved smartly, and even the housing market showed some life, with housing starts and building permits both registering better than expected monthly results. However, interest rates defied convention and fell on the better than expected news. Economic Overview A source of minor debate during the month was ...