- Prior was -1.5% (revised to -1.2%)
- Index stage at 71.6 vs 71.4 prior
The most recent housing information has been mushy however the market can safely ignore it as decrease Treasury yields are resulting in decrease borrowing prices and that can inevitably result in quicker housing exercise. The drop in Treasury yields has been one of many quickest on document so it would take a while to stream into readings like this.
This text was written by Adam Button at www.forexlive.com.
