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Mortgage Industry News
Today's Market Color
02/26/2010
GDP for the 4th quarter was revised up from 5.7% to 5.9%. Treasuries are holding their elevated levels on the continued threat that Greece will default on its debt. Right now, the futures market is pricing in an 85% chance that the Fed keeps rates somewhere between 0% and .25% through June 23rd, 2010. Currently, the Ten Year yield is at 3.604% (3.65% yesterday) and the 2-10 yield spread is at 280bps, flattening 1bp since yesterday morning.
