Industry News
Mortgage Industry News
Jobless Claims Better Than Expected
11/17/2011
Treasury prices are hovering around unchanged this morning as Spanish bond yields climb and Fitch warns of contagion risk to US banks. Equity markets continue to feel the pressure of this prolonged crisis as there doesn’t seem to be an end in sight. However, markets did receive a wee bit of good news on this side of the Atlantic as the weekly jobless claims reports showed slightly better than expected results once again. Both initial and continuing claims fell in the latest release. However, this was tempered by the previous week’s levels being revised slightly higher. Meanwhile, both US housing starts and building permits were better than expected in October. Currently, the 10yr yield is at 2.005% (2.017% Wednesday).
