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Jobless Report Weaker Than Expected
11/09/2017
Treasury prices edge lower overnight as better than expected inflation data from Asia applied early pressure. Today’s US economic calendar is limited to the already released Weekly Jobless Claims Report. The results were slightly weaker than expected as new claims of 239k were slightly above forecasts of 232k. Investors will continue to focus on political themes of the week with the GOP expected to release the details of its tax reform plan today amidst increasing concern that the December 8 funding deadline draws near. Currently, the 10yr yield is at 2.325%.
