Industry News
Mortgage Industry News
Today’s Market Color
12/27/2011
Treasury prices are mostly unchanged to start off this holiday shortened trading week. Headlines were at a minimum over the long weekend, leaving the 10 yr yield to hover around 2.0%. This week’s economic calendar is fairly light with most of the activity related to US housing data and also a bit of manufacturing data. Today’s calendar includes the CaseShiller/S&P home price index that is expected to show continued decline in prices, albeit at a slower pace. Meanwhile, the latest reading of consumer confidence is expected to have increased in December. Lastly, the Richmond and Dallas Fed manufacturing reports will round out today’s calendar. Currently, the 10 year yield is at 2.012% (1.968% Friday) and the 2-10 yield spread is at 172bps, steeper by 4bps since yesterday morning.
