Mortgage bond prices near unchanged Thursday morning holding mortgage rates steady from pricing Wednesday.
In
news released at the open, weekly jobless claims printed at 386K and
continuing claims, a summation of all receiving benefits, at 3,314K.
Expectations were for weekly claims to increase 15K to 365K and
continuing claims to fall 4K to 3,300K.
Traders are now waiting
for stocks to begin trade at 9:30 am ET and for the release of existing
home sales, LEI and the Philly Fed survey set for 10:00 am ET.
Things
are heating up in Europe once again. Spain, the euro zones most
precarious country, raised almost $4B in 2/5/7-year notes however it
paid handsomely to do so. Buyers shunned the offering driving yields
higher. Spain in once again at threshold of having to pay 7% in the
secondary market to raise money, a rate that is considered
unsustainable.
#Invest Twitter journal
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