Industry News
Mortgage Industry News
Today’s Market Color
03/17/2011
After PPI printed higher than expectations yesterday, CPI came in pretty close to consensus. The situation in Japan continues to look more dire by the day; the number of nuclear workers has been doubled to try and prevent a leak. Stocks are trading higher on speculation that the G7 will intervene in the markets due to the crisis. Right now, the futures market is pricing in about a 92% chance that the Fed keeps rates between 0% and 0.25% through August 9th, 2011. Currently, the Ten Year yield is at 3.26% (3.28% yesterday) and the 2-10 yield spread is at 265bps, flattening 4bps since yesterday morning.
