|This email was sent to you by:|
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
Bond Markets Weaker into Domestic Session and After Stronger Claims Data
Posted to: Micro News
Thursday, April 17, 2014 8:36 AM
Treasuries were mostly flat overnight until about 7am Eastern time. From there yields rose slowly, along with stock prices, moving from 2.63 to 2.65 ahead of the morning's first economic data: weekly Jobless Claims.
The data was stronger than expected:
- 304k claims vs 314k forecast
- Previous week revised to 302k from 300k
- Continued Claims 2.739 mln vs 2.795 mln forecast
Bond markets weakened another few ticks after this data with 10yr yields briefly touching 2.66 just now (2.659 currently) and Fannie 4.0s down 5 ticks at 104-09.
The only other significant data this morning arrives at 10am with the Philly Fed Index. Then bond markets close early at 2pm ahead of tomorrow's full closer for Good Friday. Participation should trail off rapidly by noon.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.