Industry News
Mortgage Industry News
Durable Goods - Biggest Jump Since 2007
04/23/2010
Durable goods excluding transportation printed much higher than expected, the biggest jump since 2007. With borrowing costs ballooning, Greece asked for the activation of its 45b euro lifeline from the EU and IMF. 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 3.82% (3.74% yesterday) and the 2-10 yield spread is at 275bps, steepening 1bp since yesterday morning.
