Industry News
Mortgage Industry News
Personal Income and Spending Increase
10/01/2010
Personal income and spending both printed higher than consensus. Chinese manufacturing grew at the fastest pace in 4 months; global equities are slightly positive, bonds are lower. Right now, the futures market is pricing in an 86% chance that the Fed keeps rates between 0% and 0.25% through January 26th, 2011. Currently, the Ten Year yield is at 2.54% (2.49% yesterday) and the 2-10 yield spread is at 211bps, steepening 6bps since yesterday morning.
