GGN- Economic News :: October 22, 2010 Part 1/2

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . PLEASE SUBSCRIBE!!! (Reuters) - Gold steadied on Friday after its first weekly decline in nearly 3 months, with bullion investors keeping an eye on any statements from the G20 meeting. - AP) NEW YORK (AP) - Treasurys were mixed in a quiet day of trading Friday, as bond buyers look toward an upcoming meeting of the Federal Reserve. The 10-year note was down 12.5 cents to 0.53, raising the yield to 2.56 percent from 2.54 percent late Thursday. The yield on the 30-year bond slipped to 3.93 percent from 3.95 percent, as the price rose 43.7 cents on the dollar to .90. Bond prices and yields move in opposite directions. - (AP) — Nearly half of US states reported drops in their unemployment rates last month, the best showing since June. But job creation was weak in most areas of the country. Unemployment fell in 23 states and Washington, DC, rose in 11 states and was unchanged in 16 during September, the Labor Department said Friday. The declines were nearly double the number reported by states in the previous month. - (Press TV) British retail sales unexpectedly fell for a 2nd month in a row in September, driven lower by weak clothing and fuel sales, meaning consumer spending is slowing. The Office for National Statistics said sales volumes, including automotive fuel, fell 0.2 percent last month after a drop of 0.7 percent in August. Analysts had forecast a rise of 0.4 percent last month. - (AP) WASHINGTON — Regulators on Friday shut down a total of six banks in Florida ...

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