Mortgage Industry News
Treasury Prices Edge Higher
Treasury prices edged higher overnight after an uneventful overnight session. The US economic calendar ends a busy week with a couple reports on manufacturing and consumer confidence. The Feb Industrial Production Report is due out at 9:15AM followed by Consumer Sentiment at 10AM. Looking ahead to next week, the calendar is fairly quiet early on but ramps up as the week progresses. There is also a heavy dose of Fedspeak, including an appearance by Fed Chair Janet Yellen on Thursday morning. Currently, the 10yr yield is at 2.496%.