Industry News
Mortgage Industry News
Stocks Continue To Rally
10/19/2009
Fed Chairman Bernanke is scheduled to speak later today on the economic outlook; no change in sentiment is expected. Stocks and equity futures continue to rally on earnings reports. Right now, the futures market is pricing in an 87% chance that the Fed keeps rates somewhere between 0% and .25% through January 27th, 2010. Currently, the Ten Year yield is at 3.43% (3.44% on Friday) and the 2-10 yield spread is at 244bps, flattening 4bps since Friday morning.
