Treasuriesmoved marginally higher across the curve this morning from yesterday’s close. The UST10-Year yield is currently at 2.369% after closing at 2.375% during the prior session.
This morning we received the MBA Mortgage Applications for the week ending November 17 which rose 0.10% after rising 3.10% during the previous week. We also received the Jobless Claims for the week ending November 18 which fell 13k to 239K from an upwardly revised 252k prior, beating a survey of 240k. Continuing Jobless Claims for the week ending November 11 registered 1904k, above an expected 1880k and up 36k from an upwardly revised 1868k during its prior week.
The October Durable Goods Orders fell 1.20%, in contrast to an expected rise of 0.30%, following an upwardly revised 2.20% increase in September. Further, inflation forecast for November, as measured by the University of Michigan Expected Change in Price Index, registered a 2.50% change versus a prior 2.60% change for the 1-Year outlook, and a 2.40% change versus a prior 2.50% change for the 5-10 Year outlook. Later today at 11:00 AM (PT), the FOMC Minutes from the Fed’s latest meeting will be released.
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