Bonds are struggling to get off the down escalator trend and break above the 100 day moving average (see chart). New Home Sales fall 1.6% in February to 313K units annually, below the 323K expected. Within the New Home Sales data it was reported that median prices rose 8.8% to $233,7000, the largest 1-month rise in 14 months. The national average price for a regular gallon of gasoline is at $3.88 up from $3.57 a month ago. Lots of market moving indicators next week.
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