At A Glance

  • Action Packed Day Today, going mostly in our favor so far
  • MBS up by 9 ticks with the 6.0 at 100-17
    • Employment Cost Index exactly as expected at .7% Quarter over Quarter change
  • GDP missed it's 2.4 consensus coming in at 1.9. 
    • Numerous other components we'll discuss later, but in general, that's good for bonds
  • Jobless Claims demolished an already high estimate of 398k coming in at 448k
    • floating for now.  we'll have to take a serious look at the gains today and see if they are enough to get us to lock.