Industry News
Mortgage Industry News
Today’s Market Color
01/26/2012
Despite stronger than expected economic data this morning, MBS have continued to move higher following yesterday’s Fed announcement, which was very positive for bonds. Treasury yields continue to fall this morning extending yesterday’s rally on the Fed policy announcement that an accommodative environment will be maintained into 2014. Early data showed Initial Claims in line with expectations and Durable Orders well above consensus. Currently, the 10yr yield is at 1.973% (2.053% Wednesday) and the 2-10 yield spread is at 175bps, tighter by 4bps since yesterday morning.
