Industry News
Mortgage Industry News
Retail Sales Better than Expectations
08/12/2011
Retail sales less autos printed slightly better than expectations; equities are moving higher on the news. Yesterday, the DOW moved more than 350 points for the 4th consecutive day, fueled by a very weak 30yr bond auction. Currently, the 10yr yield is at 2.31% (2.17% yesterday) and the 2-10 yield spread is at 212 bps, steepening 12bps since yesterday morning.





