MBS MID-DAY: Lack Of Italian Headlines Leaves Bond Markets Flat

– 357k vs 340 consensus
– Last week revised to 341k from 336k
– Continued Claims 3.050 mln vs 3.043 mln consensus

In the week ending March 16, the advance figure for seasonally adjusted initial claims was 336,000, an increase of 2,000 from the previous week’s revised figure of 334,000. The 4-week moving average was 339,750, a decrease of 7,500 from the previous week’s revised average of 347,250.

The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending March 9, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 9 was 3,053,000, an increase of 5,000 from the preceding week’s revised level of 3,048,000. The 4-week moving average was 3,076,250, a decrease of 28,000 from the preceding week’s revised average of 3,104,250.

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/301999.aspx

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