Quicken Loans Capital Markets Update – Widened Trade Deficit Indicates Growing Economy

Quicken Loans Capital Markets Update for November 13, 2009

Treasury prices are mostly unchanged this morning as this week’s $81 billion auctions conclude. Each of this week’s auctions was met with strong demand. With the auctions behind us, investor focus returns to market data.

Today’s September trade balance data showed that the deficit widened, which indicates a growing economy using resources. That same growing economy may help to push today’s preliminary November U.S. University of Michigan consumer confidence higher as expected.

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