Rate Watch

Cautiously Floating:
"Mortgage Bonds improved slightly and Stocks lost more ground today on the awful Retail Sales news. Sales plunged by 2.7%. Retail sales have now fallen for six months in a row.
In the banking sector, Deutsche Bank, which is Germany's largest bank, warned of a fourth-quarter loss of $6.3 Billion. The Fed's Beige Book will be released this afternoon at 2 pm and could influence the markets, so stay tuned.