Industry News
Mortgage Industry News
Consumer Spending Dips
03/31/2017
Treasury prices are mostly unchanged this morning as a flood of overseas data from Asia and Europe provided no clear direction. The US economic calendar ends the week with another mix of data and Fedspeak. The results have been mixed thus far as the February Personal Income and Outlays Report showed that Consumer Spending unexpectedly dipped to 0.1% from 0.2% but Personal Income was in-line with forecasts of a +0.4% increase.The Core PCE Price Index was also in-line with expectations of a +0.2% increase. Looking ahead to next week, the calendar is fairly busy with two notable events in the form of The FOMC Meeting Minutes and Friday’s Employment Report. Currently, the 10yr yield is at 2.407%.
