Industry News
Mortgage Industry News
Jobless Claims Jump
04/15/2010
Initial and continuing claims both jumped week-over-week; Empire Manufacturing printed much stronger than expectations. China's GDP grew at 11.9% in the first quarter, which may lead to China un-pegging the yuan to the dollar. Right now, the futures market is pricing in an 81% chance that the Fed keeps rates at .25% through August 10th, 2010. Currently, the Ten Year yield is at 3.842% (3.82% yesterday) and the 2-10 yield spread is at 282bps, steepening 5bps since yesterday morning.
