• Jobless Claims
    • 218k vs 225k f'cast, 219k prev
  • Durable Goods
    • 0.0 vs -2.6 f'cast, 9.8 prev
  • Core Durable Goods
    • 0.2 vs 0.0 f'cast, -0.2 prev
  • GDP (Q2, revision)
    • 3.0 vs 3.0 prev

Bonds were moderately stronger overnight, but all of the gains have left the building after jobless claims continue operating in territory that suggests a lack of labor market concern.

10yr yields were as low as 3.753 and are now back up to 3.798, up 1.3bps on the day.  MBS are down a quick eighth of a point.