Industry News
Mortgage Industry News
Retail Sales - 7th Consecutive Increase
05/14/2010
Retail sales printed slightly stronger than expectations, posting the 7th consecutive increase. Speculation is growing that the European Union will ultimately have to split up; gold continues to set record highs, US debt is also up. Right now, the futures market is pricing in a 67% chance that the Fed keeps rates at .25% through September 21st, 2010. Currently, the Ten Year yield is at 3.427% (3.56% yesterday) and the 2-10 yield spread is at 269bps, flattening 1bp since yesterday morning.
