February 4, 2019

Market News

Treasury prices are lower this morning despite disappointing data from Asia and Europe. Today’s US economic calendar includes a report on Factory Orders at 10AM ET and an after-hours appearance by Fed Bank President Loretta Mester. Key activity for the rest of the week is limited to tomorrow’s ISM Non-manufacturing Index and Wednesday’s Productivity and Costs Report and appearance by Fed Chair Jerome Powell. Currently, the 10yr yield is at 2.716% (2.648% Friday) and the 2-10 spread is 19 bps, 3 bps steeper since yesterday morning.

 

Josh Pappert – VP, Capital Markets
Nations Direct Mortgage