Industry News
Mortgage Industry News
Today’s Market News
01/20/2012
Treasury prices are mostly unchanged this morning as negotiations for a Greek debt settlement continue. The flight to quality bid has lost some of its luster over the past few sessions as equity markets have surged. The US economic calendar takes it down a notch this morning with only US existing home sales report on the docket. Sales are expected to increase slightly in Dec to 4.65mln from the prior month’s level of 4.42mln. Currently, the 10year yield is at 1.998% (1.938% Thursday) and the 2-10 yield spread is at 176bps, steeper by 6bps yesterday morning.
