Industry News
Mortgage Industry News
Disappointing Gains in Personal Income
01/30/2017
Treasury prices are mostly unchanged this morning as markets digest mixed economic news from Europe as well as the geopolitical response and implications of Friday’s US immigration policy announcement. The US economic calendar has a fairly active start to a significant week of events. The latest data on Personal Income and Outlays was mixed with disappointing gains in income (+0.3% actual vs +0.4% expected) being offset by an increase in spending of +0.5%, which was in-line with expectations. December Pending Home Sales are due up next at 10AM ET. Key activity for the rest of the week is focused on Wednesday’s ISM Manufacturing Index and FOMC Meeting Announcement and Friday’s Nonfarm Payroll Report. Currently, the 10yr yield is at 2.471%.
