The Veridian Blog

Citigroup reported what is known as a profit during the first two months of the year – a condition where your revenues actually exceed your expenses and losses.  This helped ignite the stock market into a huge 4-day rally on Wall Street.  All jest aside, traders finally got some relief in both the stock and bond arenas after Citigroup, and two reports from Retail Sales and Consumer Confidence that were not as poor as expected.  We were apparently at the point where any non-devastating news is good news and that proved to be the case last week.  J

It’s a big report week with PPI and CPI due out, followed by Jobless claims on Thursday.  Presently, the benchmark 10-year note is a little up, yield at 2.96%....