Industry News
Mortgage Industry News
Jobless Claims Lowest Since July 2008
02/10/2011
Bonds are trading lower this morning following the Initial Jobless Claims release which printed at 383K, the lowest level since July ’08. European stocks dropped for the third day in a row while the dollar is rallying on concerns of rising global inflation. Right now, the futures market is pricing in an 86% chance that the Fed keeps rates between 0% and 0.25% through April 27th, 2011. Currently, the Ten Year yield is at 3.69% (3.71% yesterday) and the 2-10 yield spread is at 286bps, tightening 2bps since yesterday morning.
