Industry News
Mortgage Industry News
Jobless Claims Post Higher Than Expected
06/17/2010
CPI printed in-line with expectations; initial and continuing jobless claims posted worse than expectations. Spain was able to sell 3B euros of 10yr debt at a yield of 4.864%, less than the projected 5.04%, causing European stocks and bonds to rally. The euro is higher against other currencies. Right now, the futures market is pricing in a 76% chance that the Fed keeps rates at .25% through September 21st, 2010. Currently, the Ten Year yield is at 3.192% (3.25% yesterday) and the 2-10 yield spread is at 252bps.
