Industry News
Mortgage Industry News
Mortgage Market Color
06/15/2011
CPI printed a tenth higher than expectations; New York-area manufacturing unexpectedly contracted. A resolution to the Greek crisis is looking less and less likely; the Greek 10yr bond is trading at 17.6% (1488bps higher than German 10yr bunds), the highest ever for a euro-zone country since the EU formed in 1999. Currently, the Ten Year yield is at 3.08% (3.04% yesterday) and the 2-10 yield spread is at 266bps, steepening 5bps since yesterday morning.
