Industry News
Mortgage Industry News
Osama Bin Laden Killed
05/02/2011
Osama Bin Laden was killed in a housing raid in Pakistan yesterday. Stock futures and the dollar are higher; oil is down 1.5%; bonds are slightly lower. Right now, the futures market is pricing in about an 80% chance that the Fed keeps rates between 0% and 0.25% through September 20th, 2011. Currently, the Ten Year yield is at 3.31% (3.30% on Friday) and the 2-10 yield spread is at 269bps, steepening 1bp since Friday morning.





