Industry News
Mortgage Industry News
80k New Jobs Added
11/04/2011
Treasury prices were slightly lower after a mixed October non-farm payrolls report. The headline unemployment rate dipped to 9.0% from 9.1% but the details weren’t quite as rosy. Payrolls increased by 80k vs. expectations of 95k increases. Prior to the release, treasury prices were relatively quiet overnight as investors wait for further clarity around the Greek referendum vote. The economic calendar is benign for the remainder of the day with investors likely keeping tabs on any headline activity from Europe. Currently, the 10yr yield is at 2.111% (2.035% Thursday) and the 2-10 yield spread is at 186bps, steeper by 5bps since yesterday morning.
