initial jobess claims
  • Prior week jobless claims 209K (revised to 211K)
  • The 4-week moving average initial jobless claims 205.75K vs. 206.25k last week
  • Continuing claims 1734K vs 1710K expected
  • Prior week continuing claims 1702K
  • The 4-week MA of continuing claims is at 1694K vs last week's 1674K

This is the best reading since early January. This could be what pushes 10-year yields above 5%.