Industry News
Mortgage Industry News
MBS Purchase Program to Cease
03/17/2010
Core PPI printed in line with expectations; CPI is scheduled for release tomorrow. Yesterday, the Fed re-iterated that the $1.25T MBS purchase program will cease at the end of March. Right now, the futures market is pricing in an 87% chance that the Fed keeps rates somewhere between 0% and .25% through August 10th, 2010. Currently, the Ten Year yield is at 3.65% (3.71% yesterday) and the 2-10 yield spread is at 273bps, flattening 1bp since yesterday morning.
