Impasse Continues While Durables Orders Slide

 Impasse Continues While Durables Orders Slide - 7/27/11 There was no progress at all in Washington yesterday; if anything the results could actually be described as a backslide. Markets didn’t really care, as pricing on most assets, including mortgages and Treasuries, improved, essentially erasing Monday’s loses. Housing data and a rise in consumer confidence, which would [...]