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		Home Page We're about Mortgage News You Can Use   US TREASURY OUTLOOK-Consumer mood is market focus Monday January 26, 3:21 pm ET By Pedro Nicolaci da Costa NEW YORK, Jan 26 (Reuters) - U.S. Treasury bond prices could suffer further losses on Tuesday if analyst expectations for a jump in consumer confidence come to fruition. As members of the Federal Open Market Committee ( News - Websites ) sit down to discuss U.S. monetary policy, bond investors will be focused on the U.S. consumer, who is expected to have grown more cheerful in January. Such a spike in consumer sentiment would suggest that the economy's seeming inability to create jobs has yet to spoil the mood of American shoppers, whose spending accounts for two-thirds of national economic activity. That could send bond prices lower, particularly since traders seem to be eager to sell given a data-packed week that many expect will bring a raft of good news on the economy. Median Wall Street forecasts predict a rise in the Conference Board's' index of consumer confidence to 96.3 in January from 91.3 in December, according to a Reuters poll. Economists will also keep a close eye on the survey's employment gauge, since jobs appear to be the missing link between economic growth and a sustainable recovery. "A strong report might be one of those factors that causes investors to lean towards a stronger (payrolls) number next week and I think it would contribute to a further drop in bond prices," said Tony Crescenzi, chief bond strategist at Miller, Tabak & Co. Bonds are a safe-haven investments that offer a fixed return and thus garner greater interest when the economy is passing through troubled times. The problem for bonds lately is that the economy appears to be growing quickly, stoking fears of higher interest rates, the sworn enemy of fixed-income investments. Still, Fed officials have promised over and over that strong growth need not lead to higher interest rates as long as inflation stays low and the labor market sluggish. The Fed's decision on interest rates is not expected until Wednesday. Most analysts predict the central bank will reaffirm its commitment to keeping policy accommodative for a considerable period, even though some within the bank would like a less binding statement.   Back to Original Article: Mortgage News You Can Use   Continue with: What the Fed is considering at FOMC meeting Hill budget office sees 10-year deficits totaling nearly $2.4 trillion Dollar Trade Choppy Before G7 Meeting Major business and economic events Economic growth could be derailed by soaring energy prices
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