Industry News
Mortgage Industry News
Empire Manufacturing Shrinks
08/15/2011
Empire Manufacturing unexpectedly shrank for the third straight month as orders and inventories declined. Stock futures are up in early trading as they look cheapest relative to earnings in more than two years. Later this week, there are several pieces of inflation data: Import Prices, CPI, and PPI. Currently, the 10yr yield is at 2.26% (2.31% on Friday) and the 2-10 yield spread is at 207bps, flattening 9bps since Friday morning.





