Industry News
Mortgage Industry News
Today’s Market Color
11/23/2010
With the tension between North and South Korea, there has been a flight to quality to US debt. 3rd quarter GDP printed at +2.5%, slightly better than expectations. There is a $35B 5yr note auction today and a $29B 7yr note auction tomorrow. Right now, the futures market is pricing in a 92% chance that the Fed keeps rates between 0% and 0.25% through March 15th, 2011. Currently, the Ten Year yield is at 2.75% (2.84% yesterday) and the 2-10 yield spread is at 229bps, flattening 3bps since yesterday morning.
