Industry News
Mortgage Industry News
Oil Above $85 A Barrel
04/05/2010
With the equity market being closed on Friday, and the overall positive NFP print, stock futures are up this morning; oil is above $85/barrel. The Treasury will auction the following this week: $8B in 10yr TIPS, $40B in 3yr notes, $21B in 10yr notes, and $13B in 30yr bonds. Right now, the futures market is pricing in a 81% chance that the Fed keeps rates at .25% through August 10th, 2010. Currently, the Ten Year yield is at 3.988% (3.90% on Friday) and the 2-10 yield spread is at 281bps, flattening 3bps since Friday morning.
