January 10, 2019

Market News

Treasury prices edged higher overnight as disappointing data from overseas provided a modest boost to prices.  Today’s US economic calendar includes the Weekly Jobless Claims Report and several Fed appearances that are highlighted by Fed Chair Jerome Powell at 12:45PM ET.    Weekly Jobless Claims improved more than expected as New Claims of 216k was below forecasts of 224k.  Investors will also be focused on any details from the recent US China trade negotiations, as well as Washington’s attempt to end the government shutdown.  Currently, the 10yr yield is at 2.712% (2.730% Wednesday) and the 2-10 spread is 17 bps, 3 bps steeper since yesterday morning.

 

Josh Pappert – VP, Capital Markets
Nations Direct Mortgage