Industry News
Mortgage Industry News
Retail Sales Strong
12/11/2009
Bonds are trading lower this morning as Retail Sales came in stronger than expected at 1.3% vs a consensus estimate of 0.6%. Right now, the futures market is pricing in an 93.5% chance that the Fed keeps rates somewhere between 0% and .25% through March 16th, 2010. Currently, the Ten Year yield is at 3.533% and the 2-10 yield spread is at 273bps, steepening 6bps since yesterday morning.
