Industry News
Mortgage Industry News
Today’s Market Color
01/27/2011
Initial and continuing claims printed worse than expectations; Durable goods were also weaker than consensus. The Treasury is scheduled to auction $29B 7yr notes today. Right now, the futures market is pricing in a 78% chance that the Fed keeps rates between 0% and 0.25% through June 22nd, 2011. Currently, the Ten Year yield is at 3.44% (3.38% yesterday) and the 2-10 yield spread is at 280bps, steepening 6bps since yesterday morning.
