Mortgage Industry News
Jobless Claims As Expected
Treasury prices edged slightly lower overnight after another fairly quiet overseas session left treasuries range bound. Today’s US economic calendar includes a couple of reports on employment and manufacturing. The Weekly Jobless Claims Report posted a +244k level, which was in-line with expectations. Meanwhile, the Philly Fed Outlook Survey was softer than expected as the index level of 22.0 was below forecasts of 25.5. Currently, the 10yr yield is at 2.251%.