• Jobless Claims
    • 219k vs 230k f'cast, 231k prev
  • Philly Fed Index
    • 1.7 vs -1.0 f'cast -7.0 prev

Bonds began the day in slightly stronger territory after a surprisingly calm overnight session.  The AM econ data is having an unsurprisingly negative impact considering the focus on the labor market.  MBS are down a quick 2 ticks (.06) and 10yr yields are up 5.1bps at 3.754