Industry News
Mortgage Industry News
Jobless Claims Print as Expected
09/02/2010
Initial and continuing jobless claims printed in-line with expectations; consensus for tomorrow’s Nonfarm payrolls is -100K. The EU plans to limit naked short sales of stock and government debt which can cause a “disorderly market and possible systemic risks”. Right now‚ the futures market is pricing in a 91% chance that the Fed keeps rates between 0% and 0.25%through December 14th‚ 2010. Currently‚ the Ten Year yield is at 2.62% (2.53% yesterday) and the 2-10 yield spread is at 211bps‚ steepening 7bps since yesterday morning.
