Industry News
Mortgage Industry News
Today’s Market Color
04/21/2011
Bonds are hanging on to early gains as Initial Unemployment Claims printed at 403K versus the 390K expected by most analysts. Continuing Claims came in at 3695K, also slightly higher than expected. The bond market is scheduled for an early, 2pm EST close today and is closed tomorrow for Good Friday. Right now, the futures market is pricing in about a 93% chance that the Fed keeps rates between 0% and 0.25% through August 9th, 2011. Currently, the Ten Year yield is at 3.39% (3.39% yesterday) and the 2-10 yield spread is at 272bps, unchanged since yesterday morning.
