Industry News
Mortgage Industry News
Bernanke Speech Today
08/26/2011
The big day has arrived with markets eagerly awaiting Fed Chairman Bernanke’s speech at today’s conference in Jackson Hole. All other activity including economic data, hurricanes and earthquakes have taken a backseat to investor’s speculation that Mr. Bernanke will mention another round of quantitative easing. Meanwhile, today’s 2nd qtr preliminary GDP reading showed a slightly lower than expected result of +1.0% vs expectations of a +1.1% increase. Currently, the 10yr yield is at 2.185% (2.264% yesterday) and the 2-10 yield spread is at 1.98 bps, flatter by 7 bps since Thursday morning.
