Industry News
Mortgage Industry News
Stock Futures Rise
01/25/2010
Bonds are trading lower this morning with Existing Home Sales data scheduled for release at 10:00 EST. Stock Futures are higher following last week's sell off, adding to pressure on Treasuries. Right now, the futures market is pricing in an 88% chance that the Fed keeps rates somewhere between 0% and .25% through April 28th, 2010. Currently, the Ten Year yield is at 3.636% and the 2-10 yield spread is at 281bps, steepening 5 bps since Friday morning.
