Mortgage Bonds love Bad Economic Reports +38bp

Initial Jobless Claims 5/10 | Reported 371,000 | Est 365,000 | Prior 365,000 | MODEST

Empire State Index May | Reported -3.2 | Est 1.0 | Prior 0.6 | MODEST

Capacity Utilization Apr | Reported 79.7% | Est 80.2% | Prior 80.3% | MODEST

Industrial Production Apr | Reported -0.7% | Est -0.2% | Prior 0.3% | MODEST

Philly Fed Index May | Reported -15.6 | Est -20.0 | Prior -24.9 | ELEVATED