Industry News
Mortgage Industry News
Today’s Market Color
04/04/2011
There is no economic data scheduled for release today. The European Central Bank is expected to raise rates from 1% this week as Germany’s growth has some worried about inflation; the euro appreciated 3.5% in the first quarter, the most since the fourth quarter of 2008. Right now, the futures market is pricing in about a 92% chance that the Fed keeps rates between 0% and 0.25% through August 9th, 2011. Currently, the Ten Year yield is at 3.43% (3.53% on Friday) and the 2-10 yield spread is at 266bps, steepening 4bps since Friday morning.
