The UST10-Year yield is at 2.364% this morning after closing at 2.322% yesterday.
This morning, the U.S. Department of Labor released the seasonally adjusted Initial Jobless Claims for the week ended February 4th, claims dropped by 12K from the previous week to 234K; marking the 101-consecutive week of claims below 300K. Continuing Claims increased to 2078K from the previously revised 2063K the week prior. Although claims for those continuing to receive benefits did not decrease, the data indicates a reduction in layoffs, consistent with signs of a strengthening labor market.
The Consumer Comfort Index rose to 47.20 for the week ended February 5th, the highest level since April 2015 as views of the economy and personal finances continued to rise. The Index has remained above 39 for 9 weeks, the longest stretch since early 2007, prior to the U.S. recession. Wholesale Inventories rose 1.00% to $601.10 Billion according to the Census Bureau.
Later this morning, St. Louis Fed President James Bullard will be speaking at a financial forum regarding the 2017 outlook for U.S. monetary policy.
This information is provided solely for informational use and is not intended as trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not a licensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice
This morning, the U.S. Department of Labor released the seasonally adjusted Initial Jobless Claims for the week ended February 4th, claims dropped by 12K from the previous week to 234K; marking the 101-consecutive week of claims below 300K. Continuing Claims increased to 2078K from the previously revised 2063K the week prior. Although claims for those continuing to receive benefits did not decrease, the data indicates a reduction in layoffs, consistent with signs of a strengthening labor market.
The Consumer Comfort Index rose to 47.20 for the week ended February 5th, the highest level since April 2015 as views of the economy and personal finances continued to rise. The Index has remained above 39 for 9 weeks, the longest stretch since early 2007, prior to the U.S. recession. Wholesale Inventories rose 1.00% to $601.10 Billion according to the Census Bureau.
Later this morning, St. Louis Fed President James Bullard will be speaking at a financial forum regarding the 2017 outlook for U.S. monetary policy.
The curve has bear-steepened with the UST 10-Year 4.2 bps up from prior closing.