Industry News
Mortgage Industry News
Euro Region Grows Faster Than Predicted
05/13/2011
CPI, both core and headline, printed in-line with expectations. Growth accelerated in the 17-nation euro region faster than predicted, 0.8% vs. 0.6%, pushing equities higher in early trading. Right now, the futures market is pricing in about an 83% chance that the Fed keeps rates between 0% and 0.25% through September 20th, 2011. Currently, the Ten Year yield is at 3.21% (3.18% yesterday) and the 2-10 yield spread is at 265bps, steepening 1bp since yesterday morning.
