Industry News
Mortgage Industry News
Today’s Market Color
11/04/2010
QE2, initial claims and productivity gains are contributing to a widespread rally this morning in which most asset classes are catching a bid. Right now, the futures market is pricing in an 86% chance that the Fed keeps rates between 0% and 0.25% through January 26th, 2011. Currently, the Ten Year yield is at 2.50% (2.56% yesterday) and the 2-10 yield spread is at 218bps, narrowing 4bps since yesterday morning.
