Industry News
Mortgage Industry News
Bonds High in Early Trading
07/20/2010
Housing starts printed at a worse-than-expected -5.0%, with a downward revision to the previous month. Goldman and IBM posted earnings that were below consensus. Stock futures are lower, bonds are higher in early trading. Right now, the futures market is pricing in an 83% chance that the Fed keeps rates at .25% through November 3rd, 2010. Currently, the Ten Year yield is at 2.93% (2.96% yesterday) and the 2-10 yield spread is at 234bps, flattening 2bps since yesterday morning.
