San Antonio Mortgage Interest Rates Up Slightly

 

Treasurys Pare Gains On Strong Manufacturing Data

 

December 17, 2009:

 

As reported by Reuters -- U.S. Treasurys shaved earlier gains Thursday after a measure of regional business activity posted a surprise increase, suggesting vigor in the U.S. manufacturing sector.

The Philadelphia Federal Reserve's index on business activity in the U.S. Mid-Atlantic region was 20.4, the highest since April 2005. This compared with an expected 16.0 and November's 16.7.

The price on benchmark 10-year Treasury notes was last up 18/32, compared with a 20/32 gain shortly before the data.

Their yield, which moves inversely to their price, was last at 3.50%, nearly the same level before the data and lower than the 3.60% late Wednesday 

Feds also announced they would keep rates down for a little while longer.

 

Steve Brown

Senior Loan Officer

Gold Financial Services

Office: 210-658-7474

Cell: 210-862-2885