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Mortgage Industry News
Treasuries Slightly Lower
04/09/2010
Treasuries are slightly lower this morning on speculation that Greece will get bailed out by the European Union; Greek 2yr spreads have tightened by 19bps against German 2yrs. With production up over the last few days, Compass's Gross Profit Margin showed a 17bp jump to 71bps. Right now, the futures market is pricing in an 82% chance that the Fed keeps rates at .25% through August 10th, 2010. Currently, the Ten Year yield is at 3.91% (3.86% yesterday) and the 2-10 yield spread is at 283bps, steepening 1bp since yesterday morning.
