Initial Jobless Claims Still Dismal

Initial Jobless Claims | Reported 365,000 | Est 370,000 | Prior 380,000 | MODEST

The Initial Jobless claims report was in-line with expectations.  This initially boosted bond prices benefiting mortgage rates.  We will need to be watching the stock market closely this week since there is and have been no substantial economic reports.  Mortgage Bonds will be reacting opposite stocks.