Industry News
Mortgage Industry News
Today’s Market Color
08/22/2011
Treasury prices are modestly lower this morning on reports that Qaddafi’s reign in Libya is nearing the end. With an empty schedule on the economic calendar, investors will continue to focus on overseas developments in Europe and the Middle East for market direction. Later in the week, the spotlight will shift to Friday’s Jackson Hole Conference where the market will look for any hints of a possible QEIII. Currently, the 10yr yield is at 2.113% (2.08% Friday) and the 2-10 yield spread is at 191 bps, steeper by 3 bps since Friday morning.
