Industry News
Mortgage Industry News
Global Equities Up
12/01/2009
Dubai World began talks to restructure $26B of debt and said that the rest of their liabilities are on "a stable financial footing". China's manufacturing expanded at the fastest pace in five years. Global equities are up; the dollar and bonds are down. Right now, the futures market is pricing in an 84% chance that the Fed keeps rates somewhere between 0% and .25% through March 16th, 2010. Currently, the Ten Year yield is at 3.22% (3.24% yesterday) and the 2-10 yield spread is at 256bps, steepening 1bp since yesterday morning.
