March 19, 2019

Market News

Treasury prices are lower this morning as this week’s main event, the two-day FOMC Meeting, gets underway.   Overseas data was light but mostly better than expected and today’s US economic is focused on the January Factory Orders Report at 10AM ET.   Investors will also be keeping an eye on the ongoing Brexit saga as attempts at another vote are in limbo.  Currently, the 10yr yield is at 2.627% (2.603% Monday) and the 2-10 spread is 16 bps, 1 bps steeper since yesterday morning.

 

Josh Pappert – VP, Capital Markets
Nations Direct Mortgage