Industry News
Mortgage Industry News
Index Up for Second Straight Month
09/14/2010
Bonds are trading higher this morning despite retail sales printing better than expected. The index was up for a second month in a row with purchases increasing 0.4% vs. 0.3% expected by most analysts. Right now, the futures market is pricing in a 94% chance that the Fed keeps rates between 0% and 0.25% through December 14th, 2010. Currently, the Ten Year yield is at 2.697% (2.81% Yesterday) and the 2-10 yield spread is at 218bps, narrowing 6bps since yesterday morning.
