Today's Market Update

How will the current financial market affect the prevailing rates? What is happening today, or this week, that will move rates up or down?

Daily market reviews are available here, published by Home Savings’ Director of Capital Markets. “What’s Going on in the Market” is emailed daily to our list of preferred broker-partners. To receive this update along with the daily rate sheet, please complete the form below.

 

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    Treasury prices are mostly unchanged this morning as the euphoria around Friday's payroll data wears off and focus shifts back to Greece debt concerns. 

    This week's economic calendar is relatively tranquil with very little data scheduled to be released.  However, there are numerous Fed representatives scheduled to speak throughout the week, including two planned appearances by Chairman Bernanke (Tuesday and Friday).  With no data scheduled to be released today, markets will likely stay focused on Greek debt swap developments and Fed speak. 

    Currently, the 10yr yield is at 1.921% (1.915% Friday) and the 2-10 yield spread is at 169bps, 1bp steeper since Friday morning.