October 4th, 2009 
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Quicken Loans Capital Markets Update for October 5, 2009
This week’s economic calendar is not as full as last week’s, but will be kicked off with the release of the ISM non-manufacturing index this morning. The ISM is expected to increase by 1.6 month over month — adding to the gain already seen for the month of September.
Any interpretation very 50 is a signal of expansion in the sector, while any reading under 50 is an indication of contraction.
Treasuries are little change this morning in front of the $78 billion in treasury auctions scheduled for this week. The elementary auction this afternoon will be of $7 billion 10-year TIPS, which are inflation protected notes.
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Tags: Capital Markets, Capital Markets Update, Ism, Markets Update