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Mortgage Industry News
Weekly Jobless Claims Better Than Expected
10/13/2011
It finally seems that treasury prices may have reached stable pricing levels as prices are actually catching a slight bid this morning. Equities are giving up some of the recent gains as economic news from China on export growth was worse than expected. In terms of US economic news, the weekly jobless claims reports showed slightly better results than expected. Treasury prices were little changed after the news as the 10yr seems to have support around 2.20% yield. Currently, the 10yr yield is at 2.191% (2.215% Wednesday) and the 2-10 yield spread is at 191bps, steeper by 1 bps since yesterday morning.
