Industry News
Mortgage Industry News
Today's Market Color
04/20/2010
Goldman's 1Q net income almost doubled to $3.46B, $5.59/share, due to record fixed income trading revenue. There are several other companies scheduled to release earnings today. Stock futures and commodities are up; bonds are slightly lower. Right now, the futures market is pricing in an 84% chance that the Fed keeps rates at .25% through August 10th, 2010. Currently, the Ten Year yield is at 3.813% (3.78% yesterday) and the 2-10 yield spread is at 281bps, flattening 1bp since yesterday morning.
