Industry News
Mortgage Industry News
Today’s Market Color
06/08/2011
Bonds are trading higher again this morning as Equities in Europe declined for the 6th day in a row. U.S. Stock Futures are also trading lower ahead of the opening bell. MBA Mortgage Applications decreased by 0.4% for the week ending June 4th and the Fed’s Beige Book is scheduled for release at 2pm EST. The Treasury is scheduled to auction $21B of 10yr notes today, and $13B of 30yr bonds tomorrow. Currently, the Ten Year yield is at 2.97% (3.02% yesterday) and the 2-10 yield spread is at 257bps, tightening 2bps since yesterday morning.
