Industry News
Mortgage Industry News
Successful French Debt Auction
12/01/2011
Treasury prices are lower this morning after a successful French debt auction overnight has helped to sooth investor worries. Markets have been hit by a slew of activity this week as continued EU debt issues have been counterbalanced by a recent run of better than expected US economic data. Today’s economic calendar is today’s fairly active but will likely by overshadowed by tomorrow’s Nov nonfarm payrolls report. The weekly jobless claims report has bucked the recent trend of better than expected results as the initial and continuing claims reports both showed unexpected increases in unemployment. Currently, the 10yr yield is at 2.122% (2.077% Wednesday) and the 2-10 yield spread is at 187bps, flatter by 7bps since yesterday morning.
