KeatsConnelly Cross-Border Weekly Best of the Web 2013-6-28

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we offer a mix of articles discussing the bond market, rising home values, and the recent Calgary floods.

Nothing Quiet on the Bond Front (businessweek.com) Volatility and dislocation: all the rage these days in the taper-spooked bond market.  Witness the record $61.7 billion of redemptions in U.S. listed bond mutual funds and exchange-traded funds through June 24, according to TrimTabs Investment Research. That sum broke the previous monthly high of $41.8 billion set in the scary days of October 2008…

Rising home values, stock price gains keeps US consumer sentiment near 6-year high in May(ca.news.yahoo.com) WASHINGTON – A measure of U.S. consumer confidence remained near a six-year high in June as higher home prices boosted household wealth. The survey shows Americans are feeling better about the economy, despite wild gyrations in the stock market. The University of Michigan said Friday that its final reading of consumer sentiment in June was 84.1. That’s an improvement from a preliminary reading of 82.7 issued on June 14. And it is just slightly below May’s final reading of 84.5, which was the highest since July 2007…

Up to 12,000 flooded Calgarians face long time out of homes(ca.news.yahoo.com) The director of the Calgary Emergency Management Agency says 8,000 to 12,000 city residents will be out of their homes “for a long time” after last week’s devastating flooding. Bruce Burrell made the prediction Friday morning at a press briefing where he also noted that while floodwaters have receded greatly, the Elbow and Bow rivers are still at the levels they reached during the flood of 2005..

Come back next week for more interesting news and articles. Enjoy your weekend!

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