Industry News
Mortgage Industry News
Retail Sales Print Stronger Than Expected
04/14/2010
Retail sales printed slightly stronger than expectations; CPI was in line with consensus. JP Morgan's 1Q earnings jumped 55% to $3.33B due to record fixed-income trading revenue and a reduction in provisions for credit losses. Right now, the futures market is pricing in an 80% chance that the Fed keeps rates at .25% through August 10th, 2010. Currently, the Ten Year yield is at 3.82% (3.82% yesterday) and the 2-10 yield spread is at 277bps, flattening 2bps since yesterday morning.
