Industry News
Mortgage Industry News
Today’s Market News
09/30/2011
September has been a heck of ride and the last day of the month appears to be no different. Treasury prices are higher today as investors are beginning to get antsy waiting for the European debt situation to evolve. "No news" is not necessarily good news as plans need to be implemented sooner than later to avoid contagion from a possible Greek default. In terms of economic data, today’s Aug U.S. personal income and spending report showed that income unexpectedly dipped by -0.1% vs estimates of a 0.1% increase. Meanwhile, the Core PCE index posted a level of +1.6% y/y and continues to indicated that inflation remains in check, Currently, the 10yr yield is at 1.931% (1.997% Thursday) and the 2-10 yield spread is at 168 bps, flatter by 5 bps since yesterday morning.
