Industry News
Mortgage Industry News
Today’s Market Color
08/31/2010
Treasuries are adding onto yesterday’s rally on concern that Consumer Confidence‚ scheduled to be announced later this morning‚ will show that the recovery is faltering; stocks are lower globally. The FOMC minutes are set for release at 2PM. Right now‚ the futures market is pricing in a 90% chance that the Fed keeps rates between 0% and 0.25% through December 14th‚ 2010. Currently‚ the Ten Year yield is at 2.49% (2.59% yesterday) and the 2-10 yield spread is at 200bps‚ flattening 7bps since yesterday morning.
