Industry News
Mortgage Industry News
Today’s Market Color
12/09/2010
Initial jobless claims printed slightly better than expectations; Continuing claims improved by almost 200K. Positive economic news out of Australia and Japan has global equities pointing higher; US stock futures and bonds are up. There is a $16B 30yr bond auction today. Right now, the futures market is pricing in a 92% chance that the Fed keeps rates between 0% and 0.25% through March 15th, 2011. Currently, the Ten Year yield is at 3.22% (3.19% yesterday) and the 2-10 yield spread is at 262bps, steepening 2bps since yesterday morning.
