MBS MID-DAY: Docile Data Meets Euro Uncertainty Resulting In Flatness

– Claims Rise to 336k from 334k, Consensus=342k
– 4-week moving average 339,750, lowest since Feb 2008
– Continues claims 3.053 vs 3.050 Consensus
– Market Reaction: Neither stocks nor bonds seem too impressed or flustered so far, limited movements on either side.

In the week ending March 9, the advance figure for seasonally adjusted initial claims was 332,000, a decrease of 10,000 from the previous week’s revised figure of 342,000. The 4-week moving average was 346,750, a decrease of 2,750 from the previous week’s revised average of 349,500.

The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending March 2, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 2 was 3,024,000, a decrease of 89,000 from the preceding week’s revised level of 3,113,000. The 4-week moving average was 3,098,250, a decrease of 28,250 from the preceding week’s revised average of 3,126,500.

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/300972.aspx

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