Amid growing fears of a European debt crisis contagion and also on speculation that this week’s economic releases will show that the U.S. economic recovery is weakening, Mortgage backed securities and Treasuries opened higher this morning. European officials called for an emergency meeting to review the fresh risk that Italy may become the next country with a debt crisis. Aside from the retail sales and manufacturing reports, a couple of the more key economic reports this week include the PPI and CPI inflation reports.
Tags: European Emergency Financial Meeting Eurpoean Debt Crisis Italy on Financial Brink Mortgage Backed Securities Up PPI and CPI Inflation Reports Retail Sales and Manufacturing reports Treasuries Up U.S. Recovery
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