Industry News
Mortgage Industry News
Jobless Claims Increase Unexpectedly
09/15/2011
Treasury prices are lower this morning after Germany and France reiterated pledges to support Greece. Investors took comfort in the renewed assurances and have responded by shifting money back into equity markets. Today’s US economic calendar is chock full this morning with a slew of reports already having been released. Most notably, initial and continuing jobless claims both showed unexpected increases in the latest report and the September Empire manufacturing showed a large than expected decrease of -8.82 vs estimates of -4.00. Currently, the 10yr yield is at 2.062% (2.020% Wednesday) and the 2-10 yield spread is at 187 bps, steeper by 5 bps since yesterday morning.
