Initial Claims up 15k to 444k... Continuing Claims stay over historically heavy 3.4mln
NonFarm Productivity revision almost doubles to 4.3%
MBS holding steady at 101-12 .... So far Happy.
But WAIT, the time draws nigh where 5.5's are the current coupon.
Those are up 4 ticks at 99-09.
If Negative Jobless Number and a Positive Productivity Number were to fight to the death, one would normally expect to see Jobless Claims, especially with 3.4 mln + continuing claims, emerge victorious.
More to follow...