Industry News
Mortgage Industry News
Today’s Market Color
09/13/2011
Treasury prices are relatively flat this morning as investors remain jittery ahead of an announcement from Germany and France on the European debt situation. Yields are lingering near record lows as Greek default risks continue to rise and markets await a response. A disappointing Italian bond auction combined with rumors of China stepping in to help stabilize the situation, have added to investor’s angst. Meanwhile, a very quiet US economic calendar has done little to divert attention away from Europe. Currently, the 10yr yield is at 1.956% (1.911% Monday) and the 2-10 yield spread is at 175 bps, steeper by 3 bps since yesterday morning.
