Industry News
Mortgage Industry News
Goldman To Pay $550MM
07/16/2010
CPI printed in-line with expectations; Ex-food and energy was slightly higher than consensus. Goldman agreed with the SEC to pay a $550MM fine, saying the marketing material for the CDO at the center of the investigation contained "incomplete information"; the Senate approved the financial-overhaul bill which President Obama is likely to sign into law in the next week. Right now, the futures market is pricing in a 77% chance that the Fed keeps rates at .25% through November 3rd, 2010. Currently, the Ten Year yield is at 2.929% (3.06% yesterday) and the 2-10 yield spread is at 238bps, flattening 6bps since yesterday morning.
