The KUIK Closing Market Report for Monday, October 30:
Markets finished down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(85)
points
23,349
2:15 PM
S&P500
Down
-0.3%
percent
2,573
(8.24)
Nasdaq Composite
Down
0.0%
percent
6,699
(2.30)
30 Year Treasury
Down
(6)
basis points
2.88
Annual Yield
The Treasury expects to borrow $275 billion in the fourth quarter. That’s $226 billion less than its previous estimate. Thate includes an end-of-quarter cash of $205 billion. Analysts said debt ceiling constraints are making it difficult for the government to project borrowing and the government will hit the debt ceiling in the first quarter unless Congress acts to allow borrowing.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
