Friday, February 17, 2012


Treasury prices are lower this morning in a continuation of yesterday's selloff.  Better than expected economic data combined with Greek optimism has pushed the 10yr yield above the 2.0% threshold. 

This week's robust economic calendar concludes today with the early morning release of the January consumer price data, followed by the leading indicators report at 10AM eastern.  The already released CPI report was mostly in line with expectation with both the headline and core reports showing 0.2% gains m/m. 

Currently, the 10yr yield is at 2.035% (1.948% Thursday) and the 2-10 yield spread is at 174bps, 7bps steeper since yesterday morning.

Please remember Home Savings is closed on Monday, February 20, 2012 in observance of President's Day and will resume normal business hours on Tuesday, February 21, 2012.

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