There is no need to talk of caution in the bond market, however, as bonds have exhibited nothing but caution. Although the bond bull contingent remains the largest, it has lost some members. There have been no major sellers in the market that would indicate the bulls are capitulating, but bonds aren’t attracting new buyers, either, at the higher rates. Bond prices were lower to start the day.
Make Dwight A TRUSTED Part Of Your Day
Read more insights from Dwight Johnston on TrustCU.com or register for his Daily Dose e-newsletter to receive his blogs straight to your inbox.
Read More Register Now
News From Washington
Congress is saying it will vote today to pass a one-month spending bill to avoid a government shutdown on Friday, but the vote is too close to call. If Congress is having this much trouble passing a spending bill, what will happen when it’s time to pass a debt ceiling bill?
Want more credit union strategies? Sign up for the CreditUnions.com free newsletter.
Dwight Johnston is the chief economist of the California and Nevada Credit Union Leagues and president of Dwight Johnston Economics. He is the author of a popular commentary site and is a frequent speaker at credit union board planning sessions and industry conferences.