Market Update March 22, 2012

Initial Jobless Claims fall 5K to 348K in the latest week and are the fewest since February of 2008. Bonds losing some of their luster after the data. The yield on the 10-Year T Note falls to 2.26% after hitting 2.39% earlier in the week. Freddie Mac reports that home loan rates rose to 4.08% in the latest week - to obtain that rate you would have to add on a 0.8 point. Fed's Bullard sees "inflationary risks" this year, was he reading our post yesterday? It's good to see that some Fed Govenors have woken up as I have been talking about inflationary signs for months.