• TSX +46.62 to 13,299.54 (CP) racks up slight gain amid worse than expected U.S. consumer sentiment data
• DOW +42.61 to 12,479.73
• Dollar +.73c to 104.79c USD
Amid a new warning on U.S. debt and rising commodity prices. Standard & Poor’s said there is a 50 per cent chance it will downgrade the U.S. government’s credit rating within 3 months because of the congressional impasse over approving an increase in the debt ceiling. The rating agency said it is placing the United States triple-A rating on a credit watch.
Amid a new warning on U.S. debt and rising commodity prices. Standard & Poor’s said there is a 50 per cent chance it will downgrade the U.S. government’s credit rating within 3 months because of the congressional impasse over approving an increase in the debt ceiling. The rating agency said it is placing the United States triple-A rating on a credit watch.
• Oil +$1.55 to $97.24 USD per barrel
• Gold +$.80 to $1590.10 USD per ounce closed to another new record high
The spread (based on the MERIX 5 yr rate published rate of 3.84%) is over the top of the comfort zone at 1.71.
The spread based on the quick close of 3.64% is now mid comfort zone at 1.51
