Industry News
Mortgage Industry News
US Stock Futures Rise
04/26/2011
US stock futures are higher on better-than-expected earnings out of UBS and Ford; credit default swaps on Greek debt rose to a record (the Greek 2yr note is trading at 23.96%). The Treasury is scheduled to auction $35B of 2yr notes today, $35B of 5yr notes tomorrow, and $29B of 7yr notes on Thursday. The FOMC rate decision is scheduled for release tomorrow--no change is expected. Currently, the Ten Year yield is at 3.36% (3.38% yesterday) and the 2-10 yield spread is at 271bps, flattening 1bp since yesterday morning.
