• Jobless Claims
    • 230k vs 230k f'cast, 227k prev
  • Core PPI MM
    • 0.3 vs 0.2 f'cast, -0.2 prev
  • Core PPY YY
    • 2.4 vs 2.5 f'cast, 2.4 prev

Jobless Claims was probably the bigger potential market mover of this morning's two reports and it came in right in line with forecasts.  Even when looking at the non-adjusted numbers, it's right in line with 2023.

20240912 open.png

PPI was a mixed bag with last month's revision more than offsetting this month's slightly hotter result.  

10yr yields are down 0.3bps at 3.651 and MBS are up 3 ticks (.09).