Industry News
Mortgage Industry News
Today’s Market Color
07/19/2011
Treasury prices are lower this morning as investors continue to be held captive by the ongoing debt debates on both sides of the Atlantic. With seemingly little or no progress made on the political discussions around the US debt cap, Gold has become the safe haven of choice as levels closed above $1600 per ounce for the first time. Today’s economic calendar produced better than expected results on US home building as June housing starts increased 14.6% to the highest level since January of this year. Currently, the Ten Year yield is at 2.946% (2.882% yesterday) and the 2-10 yield spread is at 257bps, steepening 4bps since yesterday morning.
