Industry News
Mortgage Industry News
Earnings Point to Economic Recovery
01/24/2011
The US Dollar is rallying as recent earnings reports point to signs of an economic recovery. On tap later today are Case/Shiller and Consumer Confidence data releases. Right now, the futures market is pricing in an 87% chance that the Fed keeps rates between 0% and 0.25% through April 27th, 2011. Currently, the Ten Year yield is at 3.42% (3.42% Friday) and the 2-10 yield spread is at 278bps, narrowing 3bps since yesterday morning.





