MBS MID-DAY: Pressure From Stocks, Supply, Positions

News

* Claims up to 380k vs 355k consensus

In the week ending April 7, the advance figure for seasonally adjusted initial claims was 380,000, an increase of 13,000 from the previous week’s revised figure of 367,000. The 4-week moving average was 368,500, an increase of 4,250 from the previous week’s revised average of 364,250.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending March 31, unchanged from the prior week’s unrevised rate of 2.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending March 31 was 3,251,000, a decrease of 98,000 from the preceding week’s revised level of 3,349,000. The 4-week moving average was 3,334,250, a decrease of 35,750 from the preceding week’s revised average of 3,370,000.

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