Industry News
Mortgage Industry News
Home Depot Beats Earning Estimates
11/16/2010
Month-over-month PPI printed softer than expectations; despite the strong rally in commodities in the last year, year-over-year PPI is only at 4.3%. Walmart and Home Depot both beat earnings estimates. Ireland is supposedly in talks with the EU and the IMF about a bailout. Right now, the futures market is pricing in a 91% chance that the Fed keeps rates between 0% and 0.25% through March 15th, 2011. Currently, the Ten Year yield is at 2.925% (2.88% yesterday) and the 2-10 yield spread is at 239bps, steepening 5ps since yesterday morning.
