Industry News
Mortgage Industry News
Monday Market News
10/23/2017
Treasury prices are mostly unchanged this morning as investor concerns over escalating tensions between Spain and Catalonia were offset by optimism over Japanese election results that favored PM Abe’s ruling party. Today’s US economic calendar contains no economic releases but investors will be watching for further developments on tax reform and hints on President Trump’s pick for the next Fed Chair. Key activity for the rest of the week includes tomorrow’s PMI Composite Flash, Wednesday’s Durable Goods and New Home Sales Reports and Friday’s GDP. Currently, the 10yr yield is at 2.364%.
