PPI Final Demand for November declined -0.2% vs. +0.2% prior (consensus -0.1%). Excluding food and energy the index came in flat following the prior months +0.4% advance. PPI Final Demand has grown +1.4% since November 2013. The 10-Year rallied to the lowest yields in eight weeks as investors seek safe haven assets in light of China’s current financial turmoil and signs of slowing economic growth. Treasuries continue to rally for the fifth straight day and the curve has bull flattened with 2s10s flat to yesterday’s close.
GNMA Issuer Fannie Mae and Freddie Mac Direct Lender Licensed throughout the U.S. and Puerto Rico Privately Held Mortgage Bank for Over 32 Years Excellent Underwriting / Funding Turn Times
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