• Jobless Claims
    • 247k vs 235k f'cast, 239k prev
  • Continued Claims
    • 1904k vs 1910k f'cast, 1907k prev

Bonds began the session in slightly stronger territory and held gains for roughly 20 minutes after the 8:30am econ data. The ECB announcement and rate cut led to a little glut of volume and fairly consistent selling pressure.  

10yr yields are now up nearly 1bp at 4.363 after hitting 4.32 earlier.  MBS are now down 1 tick (.03) after being up more than an eighth after the data.