Industry News
Mortgage Industry News
Jobless Claims Better Than Expected
10/06/2011
It’s been a choppy session so far with treasury prices edging slightly lower. Equities continued to rally overnight as the Bank of England surprised markets by announcing an increase to its asset purchase program. Today’s release of the weekly unemployment claims report showed that both initial and continuing claims both reporting slightly better than expected results. The economic calendar is open the rest of the day, which will give investors a chance to square positions ahead of tomorrow’s Sept Nonfarm Payrolls report. Currently, the 10yr yield is at 1.946% (1.855% Wednesday) and the 2-10 yield spread is at 170bps, steeper by 10 bps since yesterday morning.
