• Jobless Claims rose to 554k from 522k last week.  Estimates called for 560k.
• Continuing claims continued to decrease (from 6.32 to 6.225 mln).  Slower deceleration than last month.
• Tsy's are up a bp or two but fell so much overnight, the day is net positive with 10yr up 4 ticks and yield at 3.53
• MBS up 3 ticks with 4.5 at 100-09
• Rather have you read THIS than anything else...
• With that in mind, give a good hard look to AM rates as the price action so far (slightly positive, but not so much as to incite significant profit taking before rates are released)
• Tsy Supply (auction announcements) to come later in the day.

MBS, TSY, LIBOR QUOTES