MBS MID-DAY: Treasuries Green, MBS Red

– Claims 340k vs 345k Consensus, 363k Previous
– 4-wk average 339.5k vs 340k previously
– Continued Claims 2.912 mln vs 3.0 mln f’cast
– Cont’d claims lowest since March 2008

– Market Reaction: down several ticks in MBS and up 1.5 bps in 10s

In the week ending May 18, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 23,000 from the previous week’s revised figure of 363,000. The 4-week moving average was 339,500, a decrease of 500 from the previous week’s revised average of 340,000.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending May 11, unchanged from the prior week’s revised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 11 was 2,912,000, a decrease of 112,000 from the preceding week’s revised level of 3,024,000. The 4-week moving average was 2,995,250, a decrease of 23,750 from the preceding week’s revised average of 3,019,000.

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/309946.aspx

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