Industry News
Mortgage Industry News
Jobless Claims Improve
04/13/2017
Treasury prices continued to move higher overnight as yesterday's rally extended into the overnight session as geopolitical activity has investors nervous. Today's US economic calendar includes a broad mix of data on employment, inflation and consumer confidence. Thus far, the Weekly Jobless Claims Reports showed slightly better than expected results. Initial Claims of 234k were below expectations of 243k. Meanwhile, the March Producer Price Index showed that inflation remains contained as the overall index unexpectedly dipped -0.1% versus estimates of unchanged. The core index was also softer than expected as it remained unchanged vs forecasts of a +0.2% increase. Lastly, SIFMA has recommended an early market close this afternoon at 2PM ET and a full market close tomorrow. However, Banks will remain open and there are a few economic releases schedule tomorrow, include Retail Sales and CPI. Currently, the 10yr yield is at 2.252%.
