Industry News
Mortgage Industry News
Domestic Demand Growing
04/13/2010
The trade deficit gapped by more than anticipated due to climbing imports, a sign that domestic demand is growing and the economy may be turning; import prices increased less than expected. There was strong demand for 26-week Greek Treasury bills after the EU and IMF promised up to 45B euros in loans. Right now, the futures market is pricing in an 82% chance that the Fed keeps rates at .25% through August 10th, 2010. Currently, the Ten Year yield is at 3.83% (3.89% yesterday) and the 2-10 yield spread is at 279bps, flattening 2bps since yesterday morning.
