Weekly Unemployment Claims (every Thursday)
The second release of the morning gave us favorable results. Last week's unemployment figures showed that 258,000 new claims for unemployment benefits were filed. That was a decline from the previous week’s 261,000. However, analysts were calling for 245,000 initial filings. The higher than expected number allows us to label this data as good news for bonds and mortgage rates. Unfortunately, this is only a weekly report, so it did not carry enough significance to offset the morning negative tone in bonds.