Industry News
Mortgage Industry News
Wholesale Prices Unchanged
01/20/2010
Bonds are rallying following this morning's core PPI release that showed wholesale prices were unchanged in December, versus the 0.1% increase expected by most analysts. Right now, the futures market is pricing in a 87% chance that the Fed keeps rates somewhere between 0% and .25% through April 28th, 2010. Currently, the Ten Year yield is at 3.647% and the 2-10 yield spread is at 279bps, decreasing 2 bps since yesterday morning.





