Industry News
Mortgage Industry News
Today’s Market News
06/07/2011
ECB President Trichet signaled that he may back Greek debt rollovers; the euro is trading at a one-month high against the dollar and US stock futures are up. Fed Chairman Bernanke is slated to give a speech at a banking conference today. The Treasury is scheduled to auction $32B of 3yr notes today, $21B of 10yr notes tomorrow, and $13B of 30yr bonds on Thursday. Currently, the Ten Year yield is at 3.02% (3.02% yesterday) and the 2-10 yield spread is at 259bps, steepening 1bps since yesterday morning.
