Industry News
Mortgage Industry News
Jobless Claims Report
07/29/2010
Initial jobless claims printed in-line with expectations; continuing claims posted 65K higher than consensus. Equities are slightly higher in early trading; bonds are mixed. There is a $29B 7yr note auction today. Right now, the futures market is pricing in an 85% chance that the Fed keeps rates at .25% through November 3rd, 2010. Currently, the Ten Year yield is at 2.971% (3.03% yesterday) and the 2-10 yield spread is at 239bps, steepening 1bp since yesterday morning.
