Industry News
Mortgage Industry News
Weekly Jobless Report Better Than Expected
11/02/2017
Treasury prices edged slightly higher overnight as mixed economic data from overseas was overshadowed by evening reports that Jerome Powell will be President Trump’s nomination for the next Fed Chair. Today’s economic calendar is fairly busy ahead of this afternoon’s expected release of the GOP Tax plan. Thus far, both the Productivity and Costs and Weekly Jobless Claims Reports were slightly stronger than forecasts. Lastly, there are a few planned Fed appearances on the schedule today. Currently, the 10yr yield is at 2.347%.
