Industry News
Mortgage Industry News
Today’s Mortgage News
12/21/2010
Bonds are trading higher again today ahead of a slew of economic data scheduled for release on Wednesday and Thursday. There are concerns that Portugal’s credit rating may be downgraded one or two levels by Moody’s in the latest chapter of the European debt crisis. Right now, the futures market is pricing in an 85% chance that the Fed keeps rates between 0% and 0.25% through April 27th, 2011. Currently, the Ten Year yield is at 3.31% (3.28% yesterday) and the 2-10 yield spread is at 271bps, steepening 2bps since yesterday morning.
