Industry News
Mortgage Industry News
Today’s Market News
08/25/2011
Treasury prices are headed higher this morning as modest overnight buying has continued into today’s trading session. Gold has resumed it its slide this morning after getting pummeled yesterday. In economic news, this morning’s release of the weekly jobless claims reports produced a mixed bag of results. Initial claims unexpectedly increased by 9k vs estimates of a slight dip of -3k. Meanwhile, continuing claims decreased to 3.641mln vs estimates of 3.7mln. Currently, the 10yr yield is at 2.264% (2.165% yesterday) and the 2-10 yield spread is at 2.05 bps, steeper by 11 bp since Wednesday morning.





