Production MBS Coupons Add to Price Losses After Jobless Claims Data
September 9, 2010 – 4:36 amPosted To: MBS Commentary
Initial Jobless Claims and International Trade data has been released, the results were not bond market friendly. Here is a quick recap: 08:30 09Sep10 RTRS-US JOBLESS CLAIMS FELL TO 451,000 SEPT 4 WEEK (CONSENSUS 470,000) FROM 478,000 PRIOR WEEK (PREVIOUS 472,000) 08:30 09Sep10 RTRS-US JOBLESS CLAIMS 4-WK AVG FELL TO 477,750 SEPT 4 WEEK FROM 487,000 PRIOR WEEK (PREVIOUS 485,500) 08:30 09Sep10 RTRS-US CONTINUED CLAIMS FELL TO 4.478 MLN (CON. 4.45 MLN) AUG 28 WEEK FROM 4.480 MLN PRIOR (PREV 4.456 MLN) 08:30 09Sep10 RTRS-US INSURED UNEMPLOYMENT RATE UNCHANGED AT 3.5 PCT IN AUG 28 WEEK (PREV 3.5 PCT) 08:30 09Sep10 RTRS-TABLE-U.S. jobless claims fell in latest week 08:30 09Sep10 RTRS-US JULY TRADE DEFICIT $42.78 BLN (CONSENSUS $47.3 BLN) VS JUNE DEFICIT $49.76 BLN (PREV $49.90 BLN) 08:30 09Sep10…(read more)